With decentralized finance (DeFi) becoming more mainstream, the need for decentralized exchanges and institutions is rising.
Participant Financial Institutions (PFIs) are decentralized entities that interact with decentralized exchanges (DEXs) and serve as intermediaries in transactions.
Standing up a PFI allows an organization or individual to act as a bridge between the traditional financial system and the decentralized one.
The process of setting up a PFI involves understanding the TBDex protocol, establishing a decentralized identifier (DID) infrastructure, setting up your offering service, implementing required APIs, and integrating compliance measures.