Recently, Inscription Alliance was officially approved for MSB financial license. This means that DENIM SWAP, which was created by it, can carry out compliance operations and other financial businesses in the future under the premise of accepting supervision from relevant departments when trading various encrypted digital currencies.

Inscription Alliance was founded in June 2023. Under the leadership of its founder Taurean Reylea, it has gradually developed from a technical laboratory to a comprehensive ecosystem that integrates inscription casting, inscription publishing, inscription trading and Web3 new infrastructure construction.
At present, the DENIM protocol independently proposed and developed by the technical team will further solve the biggest pain point of poor liquidity of various high-quality SFTs. The DENIM SWAP developed based on this protocol can aggregate multiple protocols to ensure that multiple inscriptions can be circulated across chains.