An asset tokenization altcoin is surging after saying a brand new partnership with a broker-dealer registered with the U.S. Securities and Change Fee (SEC).
Earlier this week, asset tokenization platform Sologenic (SOLO) announced a partnership with Texture Capital, a US-based broker-dealer that focuses on blockchain know-how and digital belongings.
Information of the collaboration served as a catalyst for the platform’s native asset, SOLO, to skyrocket from a value of $0.29 on November twenty first to a value of $0.83. It has since stabilized and is buying and selling for $0.77 at time of writing, a rise of over 110% over the last 24 hours.
Collectively, Sologenic and Texture Capital will roll out SoloTex, a buying and selling platform accepted by FINRA (The Monetary Trade Regulatory Authority) that lets blue-chip traders tokenize securities. Nevertheless, no particular date was offered for its launch.
“Solotex is presently beneath growth. Upon regulatory approval and launch, the platform goals to remodel world markets by providing entry to tokenized belongings…
Collectively, each groups are leveraging a collective experience in blockchain growth, regulatory compliance, and monetary markets infrastructure to construct a complete platform that may goal to facilitate entry to tokenized monetary belongings.”
Sologenic launched in 2019 as a decentralized trade (DEX) platform constructed on the XRP Ledger that allowed traders to tokenize and commerce shares. It went on to include crypto belongings and non-fungible tokens (NFTs).
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