Russian businessman Alexander Lebedev plans to launch a project in the DeFi industry

The co-founder of the National Reserve Bank, Alexander Lebedev, who sold his stake in the business in 2019, plans to invest in the creation of a Russian cryptocurrency bank in the DeFi industry.

It is expected that the project will be launched soon, and investments in it will amount to about $ 15 million. Moreover, in the future, the project with the working name Independent Decentralized Finance Ecosystem, or InDeFinEco (Independent Decentralized Financial Ecosystem) should enter the top 10 companies in its industry.

Lebedev noted that the creation of the project itself is not too expensive – basically, funds are blocked on accounts when stablecoins are issued. The entrepreneur stated:

“Competition here is possible only for a pool of liquidity, but we expect to attract providers not so much with high rates as with reliability and a wider range of services.”

To manage the project, it is planned to register a company in Switzerland, while it will receive all the licenses necessary for its activities. It is interesting that the launch of a cryptocurrency bank is planned in Russia, although in the future Lebedev sees the project on the international market.

The decentralized finance industry is growing rapidly. In September, the growth in trading volume on decentralized exchanges amounted to $ 103%. DEX trading volume has doubled for the third month in a row.

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