- SingularityDAO merges with SelfKey and Cogito to form Singularity Finance.
- 94.7% of SDAO holders approved the merger; final approval is pending KEY token holders’ vote.
- Singularity Finance will focus on AI, RWA tokenization, and on-chain identity.
In a landmark decision, SingularityDAO—the DeFi arm of the SingularityNET AI ecosystem responsible for decentralized portfolio management—has voted to merge with Cogito Finance and SelfKey to create a new entity: Singularity Finance.
The new platform, planned as an EVM Layer 2, will prioritize tokenizing the AI economy and accelerating adoption of AI-powered financial solutions. The merger received overwhelming support from SingularityDAO token holders, with 94.7% voting in favor and more than 15 million SDAO tokens cast for the proposal.
The community vote was conducted on the Snapshot governance platform and marks a significant step toward establishing Singularity Finance, which aims to deliver advanced decentralized finance (DeFi) and artificial intelligence (AI) capabilities. The vote comes just two weeks after the merger proposal was announced.
Mario Casiraghi, co-founder of SingularityDAO, thanked the community for its participation and support: “We are grateful to all SDAO holders for taking part in this critical governance vote and for weighing in on SingularityDAO’s future. With their approval, we will move forward with creating Singularity Finance as an L2 that blends the strongest elements of SingularityDAO with those of our partners SelfKey and Cogito Finance to accelerate DeFi and AI innovation.”
Cloris Chen, CEO of Cogito Finance, emphasized the partnership’s potential: “The community’s overwhelming support for the SFI merger is a powerful endorsement of our shared vision for the future of finance. By combining our expertise and technologies, we are positioned to unlock unprecedented opportunities at the intersection of AI and DeFi.”
SelfKey community vote still pending
The merger now awaits a final vote from SelfKey’s KEY token holders to formalize SelfKey’s participation.
If approved, Singularity Finance will operate as an integrated platform addressing key needs across the AI and DeFi ecosystems, including tokenization of real-world assets (RWA) and on-chain identity management.
This combined approach will enhance SingularityDAO’s AI-driven portfolio management capabilities with SelfKey’s compliance and identity features and Cogito Finance’s RWA tokenization solutions.
Leadership of Singularity Finance will include prominent figures such as Dr. Ben Goertzel, CEO of SingularityNET; Cloris Chen, CEO of Cogito Finance; and Mario Casiraghi, CFO of SingularityNET. Together, they plan to pioneer innovative financial services aimed at developers and users within the emerging AI-driven financial landscape.