Introduction to ForTube 2.0

The Next Frontier: Fortube's Evolution to Real-World Assets and Unified Financial Identity

ForTube has come a long way since its inception as The Force Protocol in July 2018. Launched with the vision of providing inclusive, innovative, and transparent crypto-open financial services to users around the world, we introduced a comprehensive suite of decentralized financial products that quickly gained traction.

From 2019 to 2023, ForTube has tackled the burgeoning field of DeFi through three major product iterations. These iterations have increased our product diversity, enhanced user capital efficiency, fortified security and risk management, and empowered an inclusive and vibrant community.

Today, with the global cryptocurrency market cap sitting at $2.59 trillion and Total Value Locked (TVL) in DeFi exceeding $100 billion, there's a pressing issue of financial divide. An individual's financial identity in the traditional finance (TradFi) world remains isolated from their DeFi counterpart, leading to significant capital inefficiency.

The Problem: The Financial Divide Leading to Capital Inefficiency

A crypto enthusiast with substantial digital assets finds it nearly impossible to secure a mortgage due to the lack of verifiable on-chain to off-chain asset linkage. On the DeFi side, lending protocols can only offer over-collateralized loans with high interest rates due to the inability to assess the borrower’s off-chain creditworthiness. Similarly, traditional banks hesitate to offer competitive rates to individuals with digital wealth they can't verify.

ForTube 2.0 Mission: Bridging Financial Worlds

ForTube 2.0 aims to revolutionize the financial landscape by seamlessly integrating real-world assets (RWA) with decentralized finance (DeFi). Our new platform addresses the critical gap where traditional financial systems and crypto assets remain siloed, creating challenges for users to prove their financial worth across both realms.

Solution: A Seamless Integration and Introduction of Unified Financial Identity (UFI)

Our new platform introduces the Unified Financial Identity (UFI), a comprehensive financial profile that verifies and consolidates both on-chain and off-chain assets. By partnering with industry leaders like Plaid and Sign, ForTube will not only track your portfolios but also ensure the validity of your assets, transactions, and balances.

This groundbreaking approach opens up opportunities for undercollateralized loans, competitive interest rates, instant on-ramp/off-ramp transaction verification, and more.

With our platform, the future of finance is unified, transparent, and accessible, transforming how we interact with our assets across the globe.