The Formula 1 team, Alfa Romeo has expanded its presence in the world of decentralised finance by collaborating with a cryptocurrency lending platform, Vauld.
The Singapore-based company makes it easier than ever to bank on blockchain by providing high yields, easy diversification, and automatic wealth creation through a wide range of financial products and advanced trading features.
According to a press release, Vauld’s platform serves users in over 50 countries as an all-encompassing digital wealth management solution.
As part of the Project 11 partnership, Vauld’s logo will be prominently displayed on the front wing of the team’s C42 cars, driven by Valtteri Bottas and Zhou Guanyu, as well as on other teams’ assets.
Frédéric Vasseur, Team Principal Alfa Romeo F1 Team ORLEN, said, “The world of cryptocurrencies and the blockchain technologies are huge markets with a technical complexity that makes them particularly interesting. By partnering with Vauld, we team up with one of the most accessible, secure and advanced trading platforms out there, enhancing our presence in this new and growing sector.”
Darshan Bathija, CEO and Co-Founder, Vauld, said, “Partnering with Alfa Romeo F1 Team ORLEN is very exciting for us because they’re an incredible team in one of the most competitive sports in the world. Our mission is to accelerate the transition to decentralised money and we are glad to join forces because it’s a massive step in that direction.”
Recently, Alfa Romeo has also announced a new partnership with the global leader in the production of components and systems for high-tech industrial automation, Camozzi Group.