CBMI Partners With Sequoia-Backed Startup to Develop DeFi Services

China Merchants Bank International (CBMI) is partnering with Nervos Network — a Chinese blockchain startup founded by a former researcher and developer of the Foundation.

A press release published on Oct. 3 revealed that the new partnership will focus on jointly developing decentralized finance (DeFi) applications and helping Nervos to grow its network in the financial services industry.

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