IntainMarkets Builds Subnet on Avalanche
IntainMarkets’ Subnet is designed to facilitate efficient, cost-effective, and transparent asset issuance, investment, and management.
On January 31, Avalanche officially announced its next Subnet, being developed by IntainMarkets – a platform aimed at streamlining asset issuance, investment, and management.
Read More: A Look Back at Avalanche 2022
Intain Inc is a structured financial platform offering products that support organizations and individuals in asset issuance, investment, management, and profit generation. Founded by Siddhartha and Sanjay Nishank, both seasoned experts in finance and banking, Intain Inc focuses on enhancing financial operations.
Intain Inc has three main products:
- Intain Admin: A product for asset management. According to company data, it currently oversees assets worth over $5.5 billion.
- Intain Market: A market for asset-backed securities built on Avalanche's Subnet.
- AI with IN-D: An AI product designed to automate tasks on the Intain platform.
Intain aims to leverage the decentralization, high-speed transaction processing, and low costs of blockchain technology through its IntainMarket Subnet. This setup will facilitate issuance, verification, underwriting, and investment processes more efficiently. By consolidating multiple intermediaries into a single platform and process, IntainMarkets seeks to minimize costs and enhance operational effectiveness.
Regarding the choice to build on Subnet, Siddhartha, Co-Founder and CEO of the project, stated:
“Intain Market aims to utilize Avalanche’s Subnet architecture to create a custom private network tailored to the project’s needs.”
This is a key advantage of Subnet compared to other solutions.
Currently, Avalanche has recorded a total of 44 subnets, with 3 subnets indexed. If IntainMarkets successfully builds its Subnet, Avalanche could attract additional financial sector projects to its network in the future.
