Kinto, a new Layer 2 scaling solution focused on regulatory compliance, announced its migration to the Arbitrum network today. After six months of operating on its own testnet, Kinto has chosen to leverage Arbitrum’s advanced rollup technology stack for its mainnet launch in Q1 2024.
Keypoints
- Kinto is launching as a Layer 2 on the Arbitrum network after testing for 6 months on its own testnet
- Kinto focuses on regulatory compliance features like KYC/AML while still being decentralized
- Kinto chose to partner with Arbitrum due to its advanced rollup technology and maturity
- Kinto aims to bridge the gap between traditional finance and decentralized finance
- Kinto provides built-in insurance for smart contracts to reduce risk of exploits
Kinto was built by DeFi veterans to accelerate the transition to an on-chain financial system while still catering to the strict compliance and regulatory requirements of traditional…
