Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

CoinField Presents SOLOGENIC, Tool to Issue Stock and Fiat-Backed Stablecoins on XRP Ledger

Published 10/15/2019, 08:42 AM
Updated 10/15/2019, 10:09 AM
 CoinField Presents SOLOGENIC, Tool to Issue Stock and Fiat-Backed Stablecoins on XRP Ledger
XRP/USD
-

CoinField revealed the details on its Sologenic tool, a sophisticated ecosystem that would allow on-demand trading of tokenized assets. Sologenic uses the XRP distributed ledger to account for stocks, ETFs or fiat-backed stablecoins.

To achieve liquidity and encourage market-making, CoinField also introduces SOLO coins. The asset will be issued on the XRP ledger, meaning liquidity is available and movable on-demand in a matter of seconds. This means settlements between crypto assets and non-blockchain assets can be achieved immediately, creating a bridge between traditional and digital securities and tokens.

SOLO coins will be immediately available on the CoinField exchange, and will be added to the upcoming DEX, with a view to spreading to major global exchanges.

Sologenic aims to merge traditional finance with distributed ledger technologi...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.