Merger

The Merger

The three pioneering companies, SingularityDAO, Cogito Finance, and SelfKey, aim to join forces, combining their complementary technologies with the aim to launch an EVM Layer-2 designed to tokenise and integrate critical segments of the AI economy.

Each company offers unique strengths:

• SingularityDAO: A decentralised portfolio management protocol designed to democratise access to advanced crypto asset management tools. As a key player in the Artificial Superintelligence Alliance (ASI) and SingularityNET ecosystem, SingularityDAO has positioned itself as the central hub for decentralised finance. A core tenet of its mission is user empowerment and accessibility, emphasising the importance of making AI-driven financial opportunities available to all through a non-custodial platform. SingularityDAO stands at the forefront of revolutionising finance through decentralisation and AI with their upcoming AI-driven DynaVaults.

• Cogito Finance: An SingularityNET ecosystem company that brings traditional assets onchain for increased liquidity, security, and transparency. Cogito Finance has set up a regulatory and technological framework for RWA tokenisation, with U.S. Treasury Bills currently onchain and more tokenised products in the pipeline.

• SelfKey: A blockchain-based identity platform that enables individuals and organisations to securely manage and control their digital identities, enhancing compliance with KYC requirements through decentralised technology. With a team experienced in decentralised identity since 2014 across major companies, SelfKey aims to revolutionise the KYC onboarding process by lowering costs, improving security, and upholding the principles of self-sovereign identity.

Founders of all three organisations jointly envision a future where blockchain and decentralised AI work together to provide secure, compliant, and transparent financial opportunities to the masses: AI-Fi.

AI-Fi will drive the next wave of innovation in both decentralised AI and DeFi by democratising access to the AI economy and providing high quality RWA-backed yield and assets to network participants.

As a part of the SingularityNET ecosystem, both Cogito Finance and SingularityDAO bring a wealth of knowledge in the decentralised artificial intelligence sector, bringing innovation to its financial primitives and its future.

The new entity born from the merging of Cogito Finance, SingularityDAO, and SelfKey will be known as Singularity Finance, and will be committed to democratising access to the global AI economy by:

• Creating an interoperable blockchain network with speed, safety and sustainable economics embedded in its foundation, thereby fostering a positive ecosystem for growth.

• Fostering the inclusiveness of the global AI economy through the tokenisation of AI assets, allowing a broader range of users to participate in the opportunities that the AI value chain offers.

• Bringing RWAs onchain to create a decentralised market where users can earn high-quality compliant yield.

• Empowering users with self-sovereign digital identity tools that guarantee privacy, compliance, and security through blockchain. This advancement not only streamlines compliance with regulatory requirements but also fosters trust among participants in the decentralised ecosystem.

• Offering robust and sophisticated AI-driven financial tools that automate asset allocation, risk management, and analytics.

This merger will lead to combining talents, technologies, and resources of these three companies, forming a formidable entity within the AI-powered finance sector. Each entity's unique strengths will play a vital role in the post-merger development and success of Singularity Finance.