Coinfield – Sologenic Connects Traditional Assets Like Stocks with Crypto

Coinfield, a smaller crypto exchange operating out of Estonia, is working with Solegenic to “connect traditional financial markets with crypto assets,” according to a release.

Sologenics, an entity that is affiliated with Coinfield, says it facilitates users with investing, trading, and on-demand tokenization of over 40,000 traditional assets such as stocks, ETFs, and commodities. Users apparently will be able to tokenize assets from a list of well-known securities exchanges.

Bob Ras, the co-creator of Sologenic who is also the CEO of Coinfield, made the following statement:

“What makes Sologenic a game changer is “On-demand Tokenization,” where traders have access to a wide range of securities offered by the top global stock exchanges. Traders can tokenize any assets in real-time and then trade them against cryptocurrencies or other tokenized assets. I believe it’s time for the traditional financial markets to be disrupted and take advantage of existing blockchain technology.”

The Sologenic says it generates stablecoins backed 1:1 with real-world assets on the XRP ledger. Each stablecoin represents the ownership of real-world assets. Once tokenized, the asset issued on the blockchain is denominated with the suffix of “ƨ,” for example, a tokenized asset of TSLA stock is represented as TSLAƨ.

The company also said additional products are in the pipeline including the ability to spend digital assets instantly worldwide.

Sponsored Links by DQ Promote


You may also like...

Send this to a friend