SingularityDAO, Cogito Finance, and SelfKey Merge to Launch Singularity Finance, an EVM Layer-2 for Tokenising the AI Economy's Real World Assets (RWA)

Combining the trio's complementary technologies will power a platform optimised for Artificial Intelligence tokenisation that will accelerate Web3.

Three decentralised finance (DeFi) projects — SingularityDAO, Cogito Finance, and SelfKey — have announced a strategic token merger to launch Singularity Finance, an Ethereum Virtual Machine (EVM) Layer-2 for tokenising the AI economy’s Real World Assets (RWA).

The move will see the three existing tokens — SDAO, CGV, and KEY — converted into a unified token, SFI, which will serve as the network token for Singularity Finance. The SFI token will initially be available on Ethereum and BNB Chain.

The merger will also see a leadership council for Singularity Finance established to oversee and guide the operations of the newly merged financial ecosystem. The council will be led by Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance; Cloris Chen, CEO of Cogito Finance; and Mario Casiraghi, CFO of SingularityNET and Co-Founder of SingularityDAO.

Following the merger announcement, the community will have the opportunity to participate in a governance vote, which will run from 21 to 31 October.

The three DeFi projects merging tokens to launch Singularity Finance Mario Casiraghi, CFO of SingularityNET and Co-Founder of SingularityDAO, said in a statement that AI-Fi harnesses the potential of the AI economy by tokenising the AI value chain.

“This creates unprecedented opportunities to access, exchange and monetise these assets, while simultaneously opening up new avenues for participation in the rapidly growing AI industry,” Casiraghi said.

The merger will address the challenges in the ownership and accessibility of AI-related assets and yield, the parties said. By leveraging SFI compliant tokenisation infrastructure, users will be able to access yield opportunities from compute and AI agents.

In addition, AI market participants will be able to foster extra liquidity for their assets, thereby making AI and hardware-backed high-quality yield more accessible.

Singularity Finance will solve these challenges through its Layer-2, which includes built-in legal frameworks, distribution channels, a marketplace, and AI-driven asset management tools, the parties said.

SingularityDAO is a decentralised Portfolio Management Protocol designed to democratise access to sophisticated crypto asset management tools.

The upcoming DynaVaults, multi-asset, multistrategy vaults leveraging AI-enhanced analytics and risk management tools, provide the much needed infrastructure in the volatile world of DeFi.

Cogito’s mission is to bring traditional assets onchain for increased liquidity, security, and transparency.

It offers a suite of carefully-engineered, fully transparent, and institutional-grade investment products. Led by a team of finance and technology experts, Cogito is pioneering the future of onchain finance.

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.

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