NoahArk Tech Group is the result of a collaboration between Defibox Technology Limited (Defibox.io) and Hong Kong Noah Technology Limited (Noahark.io).
Their shared mission is to establish a robust DeFi alliance within the EOS ecosystem, with a primary focus on decentralized exchange (DEX) activities. The group’s strategy involves harnessing the strengths of Defibox.io, a prominent DeFi platform on EOS Native, and Noahark.io, an emerging DeFi project on EOS EVM.
Together, they aim to drive a wide range of innovative efforts in the DeFi sector.
NoahArk Tech Group plans to collaborate with two leading DeFi teams to develop an interoperable liquidity aggregation protocol. This groundbreaking protocol aims to enhance transaction flexibility and create a more expansive liquidity pool, supporting a wider array of assets.
Eason, CEO of NoahArk Tech Group, expressed optimism about the strategic developments, stating, “This investment from EOS Network Ventures, coupled with the reorganization of Defibox.io and Noahark.io, marks a transformative phase for the EOS DeFi ecosystem.”
“In this new phase, the EOS EVM will significantly enhance our operational capabilities, making it easier for established products and developers to participate and enabling the fluid movement of various assets through cross-chain bridges. The main challenge in this transition is fostering a sense of trust and familiarity among both EVM product users and EOS enthusiasts. Our reorganization of the dual projects is a strategic move specifically designed to address this need for trust and integration. This represents a win-win cooperation,” Eason added.