Company Information

Get to know Port Finance Group

Port Finance was a decentralized finance (DeFi) protocol built on the Solana network, designed to function as a comprehensive money market. It provided services such as variable rate lending, fixed-rate lending, and interest rate swaps. Users could supply their crypto assets to earn interest and use them as collateral to borrow other assets. The project gained initial traction with backing from notable venture capital firms, including Jump Capital and Alameda Research. However, in November 2022, following the collapse of its key backer, Alameda Research, and the associated FTX exchange, the Port Finance team announced they were winding down the project and making it open source.

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Crypto Liquidity ProviderPRIMARY
Financial Other Service

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Port Finance Group

Australia

Founded in

2001 (25 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.