Helix launches institutional arm for KYC-enabled DeFi derivatives trading

Rick Steves

“True on-chain trading will fundamentally reshape the world of traditional finance as we know it. Helix Institutional sets the stage for sophisticated parties to enter DeFi in a permissioned manner that was previously not possible. In turn, both on-chain capital inflows and usage can begin to rise in unison.”

In another move that signals the evolution of decentralized finance (DeFi), Helix has unveiled its latest initiative, Helix Institutional: a platform designed to enable the trading of DeFi derivatives products in a permissioned, KYC-enabled environment.

Helix, the premier decentralized orderbook exchange built on Injective Protocol, has set its sights on transforming the landscape of institutional trading while maintaining compliance with regulatory standards.

Only pre-approved addresses that have undergone KYC can interact and trade with each other

Helix Institutional aims to usher in a new era of decentralized trading by offering a solution that allows institutions to leverage the benefits of a decentralized exchange (DEX) while adhering to regulatory frameworks. This innovative approach provides prominent institutions with the opportunity to participate in the DeFi space without compromising on security or compliance. Within the Helix Institutional platform, all markets will be permissioned, ensuring that only pre-approved addresses that have undergone KYC (Know Your Customer) procedures can interact and trade with each other.

At its core, Helix utilizes Injective Protocol, a Layer 1 blockchain built specifically for finance, to power its decentralized exchange. Injective’s unique features provide a competitive edge to Helix’s offerings, including frontrunning resistance through the Frequent Batch Auction (FBA) model, which eliminates the possibility of Miner Extractable Value (MEV). This model randomizes the inclusion of orders into the next block, guaranteeing on-chain fairness for any application built on Injective. Additionally, every step of the trading process, from order matching to execution, occurs on-chain, ensuring transparency and real-time monitoring.

The emergence of Helix Institutional aligns perfectly with the growing demand for permissioned and compliant DeFi applications. Following the notable setbacks experienced by centralized finance exchanges and lenders, institutions are increasingly turning to DeFi to secure custody of their assets while maintaining transparency on the blockchain.

Helix Institutional opens the door for larger financial entities

Helix Institutional opens the door for larger financial entities to seamlessly enter the DeFi space in a regulated manner. The platform not only assists institutions in meeting regulatory requirements but also offers access to a range of advanced features, including various order types, leverage, and cross-chain asset availability.

Chris Choi, Product Lead at Helix, emphasized the significance of this development: “True on-chain trading will fundamentally reshape the world of traditional finance as we know it. Helix Institutional sets the stage for sophisticated parties to enter DeFi in a permissioned manner that was previously not possible. In turn, both on-chain capital inflows and usage can begin to rise in unison.”

Helix Institutional is poised to launch with the support of several prominent traditional finance and Web3 partners, such as Pyth, IMC Trading, Anti Capital, and Wormhole. These partnerships aim to provide institutions with exceptional on-chain liquidity and exposure to innovative financial products, enhancing their capabilities in the realm of Web3.

The launch of Helix Institutional marks a pivotal moment in the decentralized trading landscape. As blockchain technology and DeFi solutions continue their rapid adoption, Helix’s innovative approach promises to facilitate a seamless transition for institutions into the dynamic and transformative world of decentralized finance.

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