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Bob Ras, the Co-Founder of Sologenic is commenting on tokenization and it's value in this Nasdaq article.
Bob Ras, Co-Founder of Sologenic is talking about how tokenization is helping with financial inclusion and liquidity around the world.
Tokenization is the process of converting assets, such as real estate or stocks, into digital tokens that can be traded on blockchain platforms. It is believed that this technology has the potential to make investing more accessible, transparent, and efficient. The article highlights the many benefits of tokenization, including increased liquidity, fractional ownership, and easier cross-border transactions.
A report about how Ripple and Sologenic are making an impact in the MENA region for the xrpledger.
Sologenic, a renowned provider of global tokenization solutions, has forged a collaboration with Uphold, a US-based cryptocurrency exchange, to deliver enhanced purchasing capabilities for XRP and SOLO on a global level. The partnership has resulted in the unveiling of an innovative application called "Topper," a seamless on-ramp solution that boasts exceptional approval rates and rapid settlement speeds. In a recent announcement via Twitter, Sologenic highlighted the strategic importance of this collaboration, which leverages the power of the XRP Ledger (XRPL) to provide an unparalleled user experience.
In light of the impending resolution of the Ripple-SEC lawsuit, Bob Ras, co-founder of Sologenic, has voiced his opinion on the regulatory stance of the SEC towards cryptocurrency. According to Ras, the industry is already experiencing the repercussions of the SEC's hardline approach to crypto regulation, with ripple effects being felt across the board. Additionally, he asserts that the SEC's position on the matter is currently weaker than any previous point in time.
The cutting-edge SOLONEX solution offers financial institutions worldwide, such as banks, brokerage houses, investment firms, and exchanges, the ability to digitize a broad spectrum of asset classes, such as equities, ETFs, commodities, and real estate. Leveraging the unparalleled potential of the XRP Ledger, SOLONEX delivers round-the-clock trading, real-time asset tokenization, automated dividends distribution, and fractional trading, streamlining the process for global financial institutions to participate in the decentralized finance ecosystem.
Sologenic, a leading global entity in blockchain-based tokenization technology, has made a significant announcement today concerning the release of two innovative solutions. SOLONEX, an unparalleled asset tokenization brokerage solution, and a specially designed CBDC Tokenization Solution, are set to transform the landscape of digital finance.
These pioneering solutions are tailored to enable seamless financial transactions and advanced asset management, bridging the gap between traditional and digital finance. Sologenic's cutting-edge tokenization solutions provide a smooth entry point for institutions, banks, and government agencies interested in the benefits of tokenization.
On June 29, 2023, Sologenic, a leading innovator in blockchain tokenization technology, unveiled two innovative solutions that are set to revolutionize the world of finance: SOLONEX, an exceptional asset tokenization brokerage solution, and a specialized CBDC Tokenization Solution that has been specifically designed to meet the unique needs of the financial sector.
These cutting-edge solutions are designed to streamline financial transactions and enable advanced asset management, effectively bridging the gap between traditional and digital finance.
By providing a seamless tokenization entry point for institutions, banks, and government agencies, Sologenic's new solutions are poised to transform the way businesses and organizations operate in the global marketplace.
“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.” - Reza Bashash CTO of Sologenic
“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.” - Bob Ras Sologenic’s Co-Founder
“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.” - Stephen Richardson Managing Director of Financial Markets at Fireblocks
Sologenic, a leading provider of innovative fintech solutions, has made significant strides in the digital asset space with the launch of two groundbreaking solutions. SOLONEX, an asset tokenization brokerage solution powered by XRP Ledger, offers a comprehensive suite of features including 24/7 trading, on-demand asset tokenization, automatic dividends payout, and fractional trading.
Additionally, Sologenic has released a specialized custom-built CBDC Tokenization Solution, catering to the specific needs of financial institutions such as banks, brokerage houses, investment firms, and exchanges.
Moreover, the company has integrated with Fireblocks, a leading institutional custody solution provider for digital assets.
Sologenic Launches SOLONEX and CBDC Tokenization Solutions, Integrates Fireblocks for Institutional Custody.
An article by Bob Ras, the Co-Founder of Sologenic discussing how tokenization can be beneficial and used in both finance and art.
Bob Ras, the CO-Founder of Sologenic is discussing what benefits and use-cases there are for real world tokenization.
Bob Ras, the CO-Founder of Sologenic is discussing tokenization with blockworks.
Bob Ras, the co-founder of Sologenic is commenting on the security of crypto trading exchanges.
Co Founder of Sologenic, Bob Ras is featured in this article explaining how a decentralized exchange is different from a centralized exchange from a regulatory perspective and a security perspective.
The Co-Founder of Sologenic, Bob Ras is being LIVE interviewed by Fintechtv regarding decentralized exchanges.
Crypto’s Clock Is Running Out. Who Will Show Proof of Solvency and Who Will Disappear?
Letsexchange have added Solo to their crypto exchange and lets people swap various coins for solo. In this article you will also get to read more about why they like Sologenic.
Sologenic wants DeFi to learn from CeFi's mistakes. Sologenic is built on xrpl and offers several financial services in the DeFi niche. The DEX is specifically designed for traders, enterprise and institutinal players and offer 24/7 trading, fractional trading and cross trading between assets to avoid additional capital gain taxes.
Sologenic intends to fully tokenize stocks, ETF's and securities and is ready for mass integration into Decentralized financial systems.
Recently, after the insolvency and bankcrupty crisis due to centralized crypto ecosystems, sologenic has experienced a growing interest in their proof of solvency mechanism. That mechanism provides a way for anyone to audit Sologenics reserves and confirm the value of underlying assets.
Coreum benefits from the modern turing-complete Web Assembly (WASM) engine to process smart contracts. One important feature of Coreum is Cross-Chain interoperability and bridging functions. The interoperability will work by utilizing collateralized wrapping.
The block time is 1.5 seconds and the transactions per second reaches up to 7000.
Note added by sologenic.army at 2022-12-07:
When the article was written coreum was deflationary, during the innovation of coreum the developers came to the conclusion that an inflationary model is necessary for the sake of network security.
Sologenic has been ranked the top 2 crypto project to follow in 2022.
The new industry standard for NFTs, XLS-20 went live on 10/31/22 and the migration from XLS-14 was a smooth transition for Sologenic and the community alike!
The newest implementation for the XRPL allows more ease for NFT creators bringing along smart contracts, royalties, and many more features around minting and auctioning. On 9/26/22 in a Twitter post David Schwartz the CTO at Ripple says, "It's pretty amazing" when referring to minting NFTs on Sologenic.
As Defi is rattling centralized banking systems, Sologenic's tokenization platform is a turn-key application that works harmoniously within the XRPL blockchain through 24/7 fractional trading of over 40,000 assets, ETFs, commodities, stocks and derivatives. Working as a self custody order book with fees at a fraction of a penny, Sologenic is primed for scalability for both institutions and retail investors alike.
Bybit Learn is educating about Sologenic, this article lets you to learn about what sologenic is, its history, how it works and the features of its ecosystem.
Ali Raza at Securities.io have written an article about sologenic. We get to read about how sologenic is utilizing the xrpledger to allow people tokenize different assets quickly and securely. And as a result, sologenic becomes a bridge between global financial markets and the blockchain aka bridging the gap between traditional financial markets and crypto.
The developers of Sologenic have been working on a new blockchain network named Coreum. The purpose of this network is to improve many weaknesses in current blockchain networks and also provide developers with infrastructure for decentralized apps.
Coreum provides cross-chain support and smart contracts to d'Apps in DeFi, banking, metaverse and gaming.
The Coreum project was created at a pivotal time - many old projects were already in existence and provided lessons to be learned from. A key distinction between Coreum and Ethereum is that Coreum has a fee stabilizing mechanism, which guarantees low gas fees at all times. Ethereum has limited use during periods of high demand because of high gas fees.
Note added by sologenic.army at 2022-12-07:
When the article was written coreum was deflationary, during the innovation of coreum the developers came to the conclusion that an inflationary model is necessary for the sake of network security.
Gatehub is a very early XRP adapting company based in UK. They were one of the first to issue a Stable USD coin pairing with XRP at the xrpledger. Gatehub have now also added a stable USD pairing with Solo. We can now exchange solo for usd and usd for solo directly on the Solo DEX.
Sologenic allows investors to trade tokenized stocks, etfs and other assets, and even though there exist competitors, sologenic is different.
What makes sologenic stand out is the networks Proof Of Solvency mechanism. Thanks to the proof of solvency, anyone will have the ability to audit the reserves on the sologenic platform, and confirm their underlying value.
Thanks to the transparency investors can feel safe about their deposits. Most blockchains do not have this ability, and sologenic have even managed to implement it without risking any customer data.
Sologenic is also going to launch it's own crypto credit card, which will let users pay with cryptocurrencies.
This is a press release where sologenic releases a list containing 30 securities exchanges to tokenize stocks, etfs and commodities.