tokenizing

A New Era of Ownership

Source Node:
Time Stamp: March 12, 2024 6:15 AM - Modified On: March 12, 2024 - Published By:
Source Cluster:
Republished By Plato

Months ago, the mainstream media wrote articles about how crypto was dead and that there would never be another bull run. Wild predictions of Bitcoin going to zero sought to instill fear in people so they would turn away from the markets and invest in more traditional assets. Yet, despite the doomsday prophecies, Bitcoin has surged to new heights, defying expectations even before the halving takes place. The media has quickly forgotten its failed predictions and instead turned its attention to the NFT market, echoing similar skepticism. Several articles have

Prontoblock and Mercantile Bank International Partner to Modernize the $1.25 Trillion Commercial Paper Market Through Tokenization

Source Node:
Time Stamp: August 10, 2023 7:39 AM - Modified On: August 10, 2023 - Published By:
Source Cluster:
Republished By Plato

New York, August 10, 2023 – Prontoblock, a leading digital asset fintech company, is pleased to announce its strategic partnership with Mercantile Bank International (MBI). This partnership aims to revolutionize the commercial paper market through the tokenization of these financial instruments. This partnership will empower MBI clientele to engage in the purchase and issuance of tokenized commercial paper using Prontoblock’s cutting-edge digital assets platform. Prontoblock will collaborate closely with issuers to identify the most suitable commercial paper instruments for tokenization. The outstanding value of U.S. commercial paper exceeded $1.25 trillion

Bridging Real and Virtual Economies

Source Node:
Time Stamp: July 11, 2023 3:41 PM - Modified On: July 11, 2023 - Published By:
Source Cluster:
Republished By Plato

In an era where decentralized finance (DeFi) promises revolutionary, permissionless, and credit-check-free access to financial services, the limitations to its application lie in the narrow range of digital assets it encompasses. But industry pioneers are working to widen its scope by introducing real-world assets (RWAs) to the digital realm. For instance, in collaboration with the Hong Kong Monetary Authority (HKMA), Ripple is embarking on a research project to try and tokenize real estate. This venture was made public about seven weeks ago as part of a broader initiative, the digital

Illumishare launches presale of its $SRG token, backed by 24/7 live-streamed gold in Abu-Dhabi

Source Node:
Time Stamp: November 18, 2022 5:29 AM - Modified On: November 18, 2022 - Published By:
Source Cluster:
Republished By Plato

[vc_row][vc_column][vc_column_text] Illumishare has partnered with The Private Office of His Highness Sheikh Mohamed Bin Ahmed Bin Hamdan Al Nahyan from the Abu Dhabi Royal Family and is commercially licensed by the Abu-Dhabi authorities [/vc_column_text][vc_images_carousel images="1757475,1757476,1757477" img_size="large"][vc_column_text] Dubai, UAE, November 2022 – Illumishare, a blockchain-based digital asset management ecosystem, announces the official presale of its Abu-Dhabi-licensed $SRG token, which will begin after its unveiling event in Dubai on November 22. The token is backed by 3 uncorrelated assets including gold, stored in a safe room at a bank in Abu-Dhabi and broadcast