The world’s first decentralized financial marketplace (DFS) has been live for more than two months in the Chinese city of Shenzhen, which is home to some of the world’s biggest e-commerce companies, like Alibaba, Baidu and Tencent.DFS is part of an emerging trend that involves decentralizing financial markets, says Michael P. Cooley, founder of the venture capital firm, the Cooley Group, who founded the company in 2013.
“You need a platform that you can control, you can have liquidity and you can take risk.”
He says that a DFS platform could help small businesses and start-ups manage their capital and capital growth, while making it easier for investors to get involved in emerging markets like India and China.
Coogle says the company’s DFS has seen an upsurge in interest in the platform, which allows for a platform to be set up on the cloud, allowing for a decentralized way of investing.
Cooley says that the DFS will become a bigger platform for the broader ecosystem.
“If you can’t control it, then you can create a platform where you can.
The way that we see it, this is the future of finance.”
Cooley says DFS’ founders plan to offer DFS products in different currencies and jurisdictions in the near future.
“I think it’s important for the global community to understand what we’re doing and what we’ve built in this space,” he said.
“And that’s where we’ll continue to grow.”
While China’s DFFS has been operating in Shenzhen since October, it’s only been live in China for about a month and a half, but Cooley expects it to be operational for at least another year.
Cooole says the platform is in the process of developing and expanding to other markets.
The company is looking for investors for the DFFs in India, where the platform has already launched in India and the Philippines.
The DFS team is already planning to roll out DFS to more countries.
Coooole says that it plans to roll DFS out in the U.K., France, South Korea and the U-K., and will expand it to the rest of the continent by the end of the year.
“It’s an incredible platform.
I’m not sure what the best way to describe it is but it’s the future,” he says.