Accenture Ventures is making a strategic investment in British/Brazilian web3 firm Parfin. the consulting firm is using Parfin’s institutional digital asset solution for its clients.
Parfin offers solutions for crypto custody, crypto trading and digital asset tokenization. It is developing a public permissioned Ethereum compatible Layer 0 blockchain. Where most blockchains such as Ethereum or Hyperledger Besu are Layer 1, Layer 0 refers to providing an interoperability layer with other blockchains, something that’s critical to create a network of networks to enable the digital real to be used for settlement.