Verso

Verso was established for the regulated financial services industry and is managed by a community of its participants, including financial service providers and regulated financial institutions. It uses proprietary smart contracts to facilitate distribution and product-specific capital flows between service providers, financial institutions and their customers.

Verso is a decentralized market for centralized and highly regulated financial industries (banking, electronic wallets, insurance). Verso will enable millions of mainstream consumers to easily and intuitively access the DeFi protocol without leaving their preferred e-wallet application. The company aims to unlock a multi-billion dollar market opportunity in embedded finance by enabling non-financial applications to deliver financial products to their user base in a compliant manner, thereby increasing the stickiness and customer lifecycle value of their products. Verso maintains strict regulatory compliance by ensuring that products are shown only to consumers who meet eligibility criteria.

VSO is the Verso utility token needed to access network services and participate in community governance. VSO is used by ecosystem participants :

(1) Financial service provider

(2) Product verifier

(3) Participating financial institutions such as digital wallets and banks

(4) and the governing party. Verso tokens are released on Avalanche C-Chain.