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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

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

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