Introduction

Open Finance Protocol

With this whitepaper, we are introducing Open Finance, a fintech protocol that enables custody of real-world assets on blockchains and enables developers to build applications on top of it. Being open in nature this protocol allows seamless integration of other on-chain apps, and can enable multiple chains to cross-share the asset classes.

Open Finance or OpFi could potentially enable institutional investors and funds to participate in the blockchain, crypto & Defi economy as it removes hurdles of price slippage, offers high liquidity & instant settling while offering complete insurance & custodianship of physical assets. The protocol bridges the gap between traditional finance & Decentralized Finance.

Open Finance encourages participation by creating a yield on real-world assets(such as Gold, Stocks etc). This enables long term investors to create further value on their assets.

This whitepaper describes in detail the Open Finance protocol along with its inherent governance token, use-cases, limitations & future scope. This project is being developed by OroPocket.