Imperial College London and FluidAI Join Forces to Address Crypto Market’s Liquidity Problem

Last Updated on: 22nd November 2023, 07:34 am

FluidAI, the fintech company focused on making tokenized market access more efficient for institutions, trading platforms, and retail investors, has announced a collaboration with I-X, Imperial College London’s artificial intelligence (AI) initiative. The groundbreaking partnership marks the world’s first AI collaboration at a globally renowned university to be partially funded by cryptocurrency.

Together, FluidAI and I-X aim to solve some of the biggest inefficiencies in digital asset markets, such as fragmented liquidity. Currently, crypto markets suffer from numerous problems due to a lack and fragmentation of liquidity, including high volatility, price slippage, vulnerability to market manipulation, and flash crashes – in contrast to traditional markets such as equities, which have sophisticated infrastructures and settlement systems in place.

Ahmed Ismail, Co-founder, President, and CEO of FluidAI, stated: “Liquidity aggregation in crypto is a global financial challenge and it spurred the founding of FluidAI. Partnering with Imperial is a continuation of our endeavours to help the industry evolve through research and development in areas that require focus, such as AI.”

Imperial College London is the UK’s third-ranked university, and is now tenth in the world in the latest Times Higher Education World University rankings. In March 2021, it launched I-X, an academy strategy project that provides a co-located collaborative environment for research, education, and entrepreneurship across AI, data science, and digital technologies. I-X also houses the Centre for Cryptocurrency Research and Engineering, with the aim of becoming a leading international centre for research and application activity related to cryptocurrency and blockchain technology.

Professor Peter Pietzuch, Co-Director at I-X and Professor of Distributed Systems in the Department of Computing at Imperial College London, commented: “This is a great opportunity to collaborate with a high-growth company, founded by Imperial alumni, in the financial sector. We are looking forward to harnessing I-X capabilities in generative AI to venture into new technological areas together.”

The collaboration between FluidAI and I-X will work to tackle the major challenge of a lack and fragmentation of liquidity in global cryptocurrency markets, with the goal of helping the world more easily adopt and trade digital assets.

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