Verso is built for the regulated financial services industry and is governed by a community of its participants, including financial service providers and regulated financial institutions. It uses proprietary smart contracts to facilitate distributions and product-specific cash flows between service providers, financial institutions, and their clients.

VSO is the Verso utility token required for accessing network services and participating in community governance. VSO is used by ecosystem participants: (1) Financial service providers, (2) Product validators, (3) Participating financial institutions such as digital wallets and banks, (4) And governance parties. The Verso token is issued on the Avalanche C-Chain.

Project Introduction

Verso is a decentralized marketplace for the regulated financial services industry. By standardizing the way financial products interact with consumers (through existing relationships via digital wallets and bank accounts), it bridges the gap between DeFi and traditional finance. Beyond DeFi, Verso enables traditional financial service providers to distribute microcredit products at scale.
Verso is a decentralized marketplace centered around the highly regulated centralized finance industry. On this platform, millions of mainstream consumers can access DeFi protocols in a simple and intuitive manner without leaving their wallet apps.
The company aims to tap into a multi-billion dollar market opportunity for embedded finance, enabling non-financial applications to offer financial products to their user base in a compliant manner, increasing product stickiness and customer lifetime value. Verso strictly adheres to regulatory requirements by ensuring that products are only shown to consumers who meet eligibility criteria.

Verso was established to serve the regulated financial services industry and the community managed by its practitioners, including financial service providers and regulated financial institutions. Through dedicated smart contracts, it facilitates distributions and product-specific cash flows between service providers, financial institutions, and clients. This reduces reliance on intermediaries, significantly lowering distribution costs and enhancing efficiency. We are building Verso to empower people globally. With Verso, individuals can access financial products without changing their relationship with digital wallets or banks.
Verso will be based on Avalanche. With Avalanche, Verso will be able to reduce network fees by orders of magnitude. This means that instead of spending $20-$40 in network fees for a small loan of $5-$100, it would cost just a few cents.