ZUG, SWITZERLAND, June 25, 2021 - (ACN Newswire) - Oxygen.org, the alternative market infrastructure ecosystem, has
signed a strategic agreement under which Kudelski Security, a division of the Kudelski Group in Switzerland, will
provide security assessment and architecture support for the Oxygen platform going forward. Kudelski will conduct a
series of reviews and audits of the Oxygen Protocol functionality and interfaces, as well as collaborating with Oxygen
to assess future enhancements, changes, or additions to Oxygen's protocols.
Beginning with prime brokerage, Oxygen will replicate a growing range of products offered by investment banks, helping
to build finance without Wall Street. As a DeFi ecosystem, Oxygen will enable delivery of these services to individuals
and institutions alike, democratizing access to sophisticated investment, risk management and liquidity solutions.
Viktor Mangazeev, Co-founder of Oxygen, said "Institutions and individual investors have a right to expect that they can
trust the quality, reliability and stability of the Oxygen ecosystem. For Oxygen, this partnership provides
transparency, promotes absolute confidence that the protocol does precisely what it promises and demonstrates its
security - all based on a thorough assessment by a leading global expert in cybersecurity."
Scott Carlson, Head of Blockchain Security for Kudelski Security - stated "I'm very excited to be working with Oxygen on
this series of engagements. As they are on the leading edge of new business models in the DeFi space, it is important to
show strategic leadership in promoting cyber security. Comparable traditional businesses have years of audits and tests,
and the emerging ecosystems must put their best foot forward to build trust of users and environmental partners."
Oxygen is built on the growing and liquid Serum ecosystem which leverages an on-chain orderbook to match borrowers and
lenders to provide fair rates. And it is made possible by massive throughput and ultra-low costs of the scalable Solana
blockchain. Solana currently processes up to 50,000 transactions per second, each one costing just $0.00001, with plans
to further scale these capabilities. Combined, this partnership can accelerate mass adoption of DeFi.
The Kudelski Security team will perform a Source Code Assessment, Architecture Review, and Architecture Verification of
the Oxygen.org Finance system. Special attention will be focused on the Contracts Mechanism, Finance Logic, Yields,
Borrowing, Lending, and Leverage mechanisms, as well as other related funds safety considerations. Verification analyses
will confirm that formulas, cryptographic/mathematic, etc. in the software faithfully implement the specified intent of
the protocol. Testing will include dynamic testing of key financial risk scenarios such as edge situations, liquidity
events, and more.
Alex Grebnev, Co-Founder of Oxygen explained "Rapid innovation in open finance protocols like Oxygen opens up access to
highly value-added investment banking products, which have always been the exclusive domain of institutional investors.
But to gain the trust of a broader investment community and increase adoption, we must provide robust and continuous
assurance of the security of our protocol. We will continue to work closely with our new partners Kudelski and we will
publish findings and actions taken to ensure transparency."
About Oxygen Protocol
Oxygen is alternative market infrastructure ecosystem, built on the fast-growing and liquid Serum ecosystem and running
on Solana's scalable blockchain. Its initial offering is an on-chain prime brokerage protocol through which users can
earn yield, borrow from peers, trade directly out of fund pools, and get trading leverage against a portfolio of assets.
As a DeFi protocol, Oxygen is part of a movement to create a more efficient and open financial system - or 'Finance
without Wall Street' - that replicates the constructs of traditional finance without centralized control and
intermediaries. Oxygen.org AG is based in Switzerland, which is recognized as an advanced jurisdiction for distributed
ledger technology. Oxygen works with a Big Four audit firm and with leading international legal advisers to ensure asset
safety and regulatory compliance. For more information, visit
About Kudelski Security
Kudelski Security is an innovative, independent provider of tailored cybersecurity solutions for large enterprise and
public sector clients. It has 300+ employees and locations in Europe (Cheseaux-sur-Lausanne, Zurich - Switzerland, Paris
- France, Munich - Germany) and the U.S. (Phoenix, Minneapolis, Dallas, Atlanta). Kudelski Security international
headquarters is ISO 27001:2013 certified, ensuring the quality of our Information Security Management System in the
protection of customer data while delivering cybersecurity solutions. The company is a member of the Forum of Incident
Response and Security Teams (FIRST), a premier organization and recognized global leader in incident response, with
additional Computer Emergency Response Team (CERT) competencies. For more information, please visit