SingularityDAO, Cogito Finance, and SelfKey Merge to Build the Foundation for the Tokenised AI Economy

SingularityDAO, Cogito Finance, and SelfKey have announced a strategic token merger to launch Singularity Finance, an EVM Layer-2 for tokenising the AI economy’s Real World Assets .

Cogito Finance CEO Cloris Chen said: “The rapid growth of the AI sector is creating significant opportunities for both institutions and retail participants. However, barriers still exist on both the demand and supply sides, limiting broader participation in the AI economy. By developing our own Layer-2 solution democratising AI-Fi, we can overcome these challenges and remain agile in adapting to an evolving regulatory landscape.

As part of the merger, the three existing tokens—SDAO, CGV, and KEY—will be converted into a unified token, SFI, which will serve as the network token for Singularity Finance. Initially, the SFI token will be available on Ethereum and BNB Chain, with mainnet released planned for the first half of 2025 and with the conversion ratios between SDAO, CGV, and KEY set as follows:CGV migration to SFI at a ratio of 1:10.

The merger will address the significant challenges currently faced in the ownership and accessibility of AI-related assets and yield. 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.

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UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC PlatformCamomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
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