Digital Assets: Sologenic Launches SOLONEX, CBDC Tokenization Solutions, Integrates Fireblocks for Institutional Custody

Sologenic, a global firm focused on blockchain tokenization technology, announces the launch of two solutions: SOLONEX, an asset tokenization brokerage solution, and a specialized custom-built CBDC Tokenization Solution.

Geared at facilitating financial transactions and asset management, these solutions will aim to bridge the gap between traditional and digital finance, “providing a tokenization entry point for institutions, banks and government agencies.”

Reza Bashash, CTO of Sologenic, said:

“The launch of SOLONEX and our CBDC Tokenization Solution represent Sologenic’s most pivotal innovations to-date. By leveraging the XRP Ledger’s efficiency and scalability, we’re empowering global financial institutions to partake in the tokenization revolution.” 

The SOLONEX solution “enables financial institutions, including banks, brokerage houses, investment firms and exchanges globally, to tokenize a vast array of asset classes, including stocks, ETFs, commodities, and real estate.”

Built upon the capabilities of the XRP Ledger, SOLONEX reportedly “offers 24/7 trading, on-demand asset tokenization, automatic dividends payout, and fractional trading, making it easier for global financial institutions to join the world of decentralized finance.”

Simultaneously, Sologenic has “unleashed its custom-built CBDC Tokenization Solution.”

Tailored to cater to the diverse requirements of financial institutions, government agencies, and private banks, this solution “streamlines the creation and management of unique digital currencies.”

In conjunction with these advancements, Sologenic has also announced a strategic alliance with Fireblocks, an easy-to-use platform “to create new blockchain-based products and manage day-to-day digital asset operations.”

This integration is anticipated “to enhance the institutional custody of blockchain-based assets and significantly bolster the global adoption of Sologenic’s tokenization technology.”

Bob Ras, Sologenic’s Co-Founder, said:

“The introduction of SOLONEX signals a groundbreaking shift in the interplay between blockchain and finance. Our integration with Fireblocks strengthens Sologenic’s dedication to ensuring secure, forward-thinking transformations in this arena.”

Stephen Richardson, Managing Director of Financial Markets at Fireblocks, said:

“Fireblocks’ scalable and highly-secure technology was created to support innovative companies like Sologenic. Our institutional-grade key management technology ensures peace of mind as customers manage their day-to-day digital asset operations as they create the financial products of tomorrow.”

In line with these developments, Sologenic has unveiled “a newly formed business division: Securities Market Strategic Partnerships.”

This unit will focus specifically on “providing these transformative solutions to financial institutions, government agencies, and private banks.”

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