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How to Stand Up Your Own Participant Financial Institution (PFI)

  • 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.

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