The Alfa Romeo F1 team, which will be led by Valtteri Bottas and Zhou Guanyu, continued its expansion towards decentralised finance.
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Alfa Romeo F1 team ORLEN has taken a step to expand in the world of decentralised finance as it teamed up with cryptocurrency lending platform, Vault, according to an official media release. The Singapore-based organization offers high yields, easy diversification and automatic wealth creation to make banking on blockchain easier through a wide range of financial products and advanced trading features.
The partnership project which was brokered by Project 11 will see Vauld branding displayed in a prominent position on the front wing of the team’s C42 cars driven by ace-F1 drivers Valtteri Bottas and Zhou Guanyu while also being advertised on other major assets.
“The world of cryptocurrencies and the blockchain technologies are huge markets with a technical complexity that makes them particularly interesting. By partnering with Vauld, we team up with one of the most accessible, secure and advanced trading platforms out there, enhancing our presence in this new and growing sector,” Frédéric Vasseur, Team Principal Alfa Romeo F1 Team ORLEN said.
“Partnering with Alfa Romeo F1 Team ORLEN is very exciting for us because they’re an incredible team in the most competitive sport in the world. Our mission is to accelerate the transition to decentralised money and we’re glad to join forces because it’s a massive step in that direction,” Darshan Bathija, CEO and Co-founder, Vauld highlighted.
READ MORE: Valtteri Bottas and Guanyu Zhou already working well: Alfa Romeo boss
The F1 team also extended its partnership with automotive supplier Marelli which has been in place since 2019. Marelli, like Alfa Romeo F1 Team ORLEN, has racing in its DNA and this partnership will allow it to continue its presence in the top motorsport series in the world.
Marelli is largely known for its heritage and tradition of technological innovation and manufacturing excellence in motorsports.
The Alfa Romeo F1 Team ORLEN C42 cars will be equipped with Marelli products and will sport the logo of the company on top of the chassis, in line with the location from previous years.
“Marelli has been a loyal technology partner for a number of years and it’s a pleasure to extend our relationship with them – they are part of the family. We have been using their products for a long time and they are perfectly integrated within our cars and they truly are the gold standard in the sector. Marelli’s history and commitment to our sport are unquestionable and we are looking forward to working with them this season,” the team principal said.
“We are excited to extend our collaboration with Alfa Romeo F1 Team ORLEN. They are a brand with great heritage, they share our values and cultural principles, and our collaboration lies in the tradition of a technical exchange between road and racing. Over the last few years we have established an open and trustful relationship that goes beyond the technical matters. I can’t wait to be back on track together for another exciting racing season,” Riccardo De Filippi, Head of Marelli Motorsport, mentioned.
