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Ruby Protocol: Institutional Report

3 min readResearch

Ruby Protocol: Institutional Report

Ruby Protocol: Abbreviated Introduction

The advent of Web3 has brought many interesting products and concepts. For instance, Decentralized Finance (DeFi) allows users to access sophisticated financial services without a bank account. It can also be expected that many traditional institutions will in the near future join the DeFi market.  

This shift to DeFi would present challenges regarding Know Your Customer (KYC) requirements since regulatory compliance is a usual requirement in TradFi markets, while newcomers to DeFi might be reluctant to give out private information.  

Ruby Protocol addresses this challenge by focusing on performing KYC without giving out private identity information. The functional encryption will be utilized to ensure that only controlled KYC information is revealed.  

The network’s native token, RUBY,  provides several utilities to the holders. The total supply of RUBY tokens is finite and is subject to deflationary pressure.    

Ruby Protocol is registered in the Cayman Islands, and the governance is proposed to be transferred to  RubyDAO. 

The team has a strong technical background and includes early adopters of cryptocurrency. Moreover, Ruby Protocol has also been backed by multiple investors. 

At present, however, the project is yet to launch the testnet and the mainnet.   

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This Report is for informational purposes only and/or all or any of its content thereof, should not, may not, and will not be taken to constitute, either as a whole or in part, any investment advice or recommendation or similar, regulated, or authorized advice, and D-Core by producing, disseminating, giving away, or making available this Report does not, should not, may not and will not be taken to advise on investments, or carry out any similar activity, or any regulated activity or any other authorized activity. D-Core is not authorized by the Financial Conduct Authority or by any other competent EU or elsewhere or otherwise competent authority to carry out any regulated activities and/or any activities within the scope of these authorities’ competence.

D-Core excludes and disclaims all liability and/or responsibility whatsoever and/or howsoever caused, arising out of any actions, or omissions taken, or made by any authorized and/or other recipient of this Report in reliance on, or arising out of, or in connection with any or all content of this Report. Any authorized and/or other recipient of this Report acknowledges, accepts and agrees that they carry out their own independent research and act in their own sole risk in reading or using any or all information contained in this Report. In any event, recipients of this Report are urged to seek professional advice before making any potential investment decision in relation to the project described herein. Any authorized and/or other recipient of this Report accepts this Disclaimer in full. For the avoidance of doubt, this Disclaimer is binding against any recipient of this Report whatsoever.


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