White Rock Finance has launched a direct tokenization platform that permits buying and selling of securities listed on the New York Inventory Alternate (NYSE), Nasdaq and the London Inventory Alternate (LSE) by way of blockchain know-how.
This platform marks an essential step within the integration of conventional finance with decentralized finance (DeFi).
The platform at present helps over 500 shares from these main exchanges, with a reported weekly buying and selling quantity in extra of $100 million. WhiteRock’s infrastructure ensures that transactions are immutable and clear, with out hidden charges or third-party interference.
According to Based on co-founder Maxime Pizzolitto, the know-how permits the distinctive identification of every inventory and bond on a single register. WhiteRock goals to create the primary on-chain brokerage that aligns with future monetary fashions.
The deployment of WhiteRock merchandise is deliberate in phases. The primary part, now operational, contains tokenized property and the introduction of the $WHITE token, alongside the USDX stablecoin. Customers should buy USDX to leverage their USD holdings.
Future phases embody a lending platform the place customers can borrow in opposition to tokenized shares and bonds, utilizing institutional-grade threat administration frameworks.
The WhiteRock crew additionally goals to increase the USDX stablecoin throughout your complete DeFi ecosystem, enhancing cross-chain performance and yield optimization.
Subsequent phases contain the event of WhiteX, a decentralized alternate (DEX) working on a regulatory-compliant blockchain, and a world tokenization platform for numerous property, together with mental property rights and actual property.
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