Sheesha Finance, a decentralized cryptocurrency mutual fund for DeFi investors to easily access a variety of projects has partnered with Blockchain Australia, a Melbourne technology products and services company which excels in delivering world-class solutions based on distributed ledger technology (DLT). The partnership will enable Blockchain Australia to expand its incubation services by working mutually with Sheesha Finance in growing the DeFi industry to other global markets.
Speaking on the partnership, the founder of Sheesha Finance Saeed Hareb Al Darmaki said, “The partnership between Sheesha Finance and Blockchain Australia is a fantastic opportunity to grow blockchain around the world and continue to make quality DeFi projects available to investors. Blockchain Australia is committed to expanding DeFi globally, and we are excited to take this journey with them.”
The CEO of Blockchain Australia, Ralph Kalsi said,
“Sheesha Finance is a mix of a lot of flavors, with VC’s, advisors, and startup mentors from various verticals. We are excited and very hopeful, because this is a way to mutually benefit each other across markets and boundaries.”
Due to a lack of resources and strategy, the DeFi industry boom comes with plenty of innovative ideas that fail to make it to the commercial market. Blockchain Australia and Sheesha Finance will work together to decentralize the business model, which is currently highly centralized. The collaboration will focus on verticals such as DeFi, NFTs, and cross-platform gaming, starting with their Ethical DeFi project, Marhaba.