Israeli startup Kima collaborates with Mastercard's FinSec Innovation Lab to integrate decentralised finance (DeFi) applications with fiat systems, funded by a grant from the Israel Innovation Authority.

The project aims to bridge traditional financial instruments like bank accounts and credit cards with DeFi protocols, expanding on Kima's existing payment protocol.

FinSec will operate a Kima node and participate as a stakeholder in the cross-ecosystem network, aiming to make blockchain and DeFi more accessible beyond the niche Web3 community.

CEO Eitan Katz highlights the importance of creating an easily accessible, secure, and affordable solution to connect blockchain networks with traditional financial methods.