A center for the development of blockchain products was launched in Kyiv

The Ukrainian-Polish outsourcing company TRINETIX, in cooperation with the IT firm TechBand, opened a center for the development of blockchain products called Dexola in Kyiv. About it writes AIN, who spoke with the leaders of TRINETIX and TechBand.

At the time of writing, Dexola has up to 50 employees, but the firm plans to expand to 200 by 2028. At the same time, in fact, the company is registered not in Ukraine or Poland, but in the USA. Prior to the creation of Dexola, TechBand (which will actually develop blockchain products) was engaged in the creation of various DeFi protocols, crypto wallets, NFT projects and blockchain games.

The IT firm’s portfolio includes projects such as Nimbus, Crypto Snake, Bubblegum, Assembly, Anmol Network and Liquid Access. At the same time, according to the head of TechBand Anton Vokrug, the IT company did not take on projects with a budget of less than $100,000.

“There was enough work, the number grew slowly and evolutionarily, because there are few specialists in blockchain development in Ukraine, as well as throughout the world. We brought up specialists within the company gradually,” said Vokrug.

As part of the creation of a new project, TechBand disbanded the brand in order to transfer all operational activities under the wing of Dexola. Former TechBand executives are listed as Dexola shareholders and partners. Financial details of the deal were not disclosed.

They plan to look for new blockchain specialists both in Ukraine and abroad. At the same time, the main direction of sales is aimed at start-ups in the American market. In the long term, Dexola wants to conduct an initial securities offering (IPO), but the timing is not specified.

• Meanwhile, the affairs of the cryptocurrency market in Ukraine leave much to be desired. Since the beginning of March 2023, Ukrainian banks have stopped processing requests to withdraw cryptocurrencies to hryvnia and vice versa, citing technical difficulties.
• Later, as local media found out, the crypto market could fall under repression related to the struggle of the Ukrainian authorities against the gambling business. The founder of the first Kuna cryptocurrency exchange in Ukraine, Mikhail Chobanyan, said in an interview with the media that the Ukrainian crypto market had died due to regulatory tightening by the National Bank.