Stellar Network Advances DeFi Accessibility with Soroban and Tezos Partners with Baanx for Non-Custodial Crypto Card

By: Eva Baxter

The Stellar Network, through its recently launched Soroban smart contract platform, is making significant strides in bringing decentralized finance (DeFi) to underbanked populations globally. The Soroban platform, which debuted earlier this year, is designed to enhance access to financial services through blockchain technology. By leveraging Soroban, Stellar aims to democratize finance, providing a more inclusive alternative to traditional banking systems.

In a related development, the Tezos Foundation has formed a strategic alliance with Baanx, a leading crypto services provider, to introduce non-custodial crypto cards. Baanx, already collaborating with Mastercard, plans to roll out a variety of crypto card offerings that do not require custodial oversight. This partnership seeks to enhance user control and security over their crypto assets, aligning with the broader trend of increasing financial autonomy in the digital currency space.

The collaboration between Stellar and Soroban exemplifies the ongoing evolution of the blockchain ecosystem, focusing on expanding DeFi's reach to underserved regions. At the same time, Tezos's initiative with Baanx marks a significant step toward integrating crypto assets with mainstream financial systems through user-friendly, secure solutions. Both initiatives underscore the critical role blockchain technology plays in transforming financial services and empowering users around the world.