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

VSO is the Verso utility token required to access web services and participate in community governance. VSO is used by participants in the ecosystem: (1) financial service providers, (2) product validators, (3) participating financial institutions such as digital wallets and banks, (4) and governance parties. Verso tokens are issued on the Avalanche C-Chain.

Project Introduction

Verso is a decentralized marketplace for the regulated financial services industry. It bridges the gap between DeFi and traditional finance by standardizing how financial products connect with consumers through existing relationships through digital wallets and bank accounts. In addition to DeFi, Verso also enables traditional financial service providers to distribute microfinance products at scale.
Verso is a decentralized marketplace that revolves around the highly regulated centralized financial industry. In Verso, a marketplace, millions of mainstream consumers can gain access to DeFi protocols in a simple and intuitive way without ever leaving their wallet app.
The company's goal is to provide a multi-billion dollar market opportunity for the embedded financial industry, so that non-financial applications can provide financial products to their user base in a compliant manner, thereby increasing the stickiness of their products and customer lifetime value. Verso strictly complies with regulations by ensuring products are only shown to consumers who meet eligibility criteria.

Verso was built to serve the regulated financial services industry and the community governed by financial services practitioners, including financial service providers and regulated financial institutions. It facilitates the allocation between service providers, financial institutions and customers and the movement of funds for specific products through dedicated smart contracts. This reduces reliance on intermediaries, greatly reduces distribution costs and increases efficiency. We're building Verso to make it easier for people around the world. With Verso, people can access financial products without changing their relationship with an e-wallet or bank.
Verso will be based on Avalanche. With Avalanche, Verso will be able to drastically reduce the cost of network fees by thousands of times. That way, instead of spending $20-$40 in network fees, getting a small $5-$100 loan costs pennies at most.