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

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

Expected, that the project will be launched soon, and investments in it will amount to about $15 million. Moreover, in the future, a project with the working title Independent Decentralized Finance Ecosystem, или InDeFinEco (Independent decentralized financial ecosystem) should be in the top 10 companies in its industry.

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

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

To manage the project, it is planned to register a company in Switzerland, at the same time, she will receive all the licenses necessary for the activity. 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 booming. In September, the growth in trading volume on decentralized exchanges amounted to $103%. Объем торгов на DEX удваивается уже третий месяц подряд.