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An asset tokenization altcoin is surging after saying a brand new partnership with a broker-dealer registered with the U.S. Securities and Trade 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 property.
Information of the collaboration served as a catalyst for the platform’s native asset, SOLO, to skyrocket from a worth of $0.29 on November twenty first to a worth 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 past 24 hours.
Collectively, Sologenic and Texture Capital will roll out SoloTex, a buying and selling platform accredited by FINRA (The Monetary Business Regulatory Authority) that lets blue-chip buyers tokenize securities. Nonetheless, no particular date was supplied for its launch.
“Solotex is presently underneath improvement. Upon regulatory approval and launch, the platform goals to rework world markets by providing entry to tokenized property…
Collectively, each groups are leveraging a collective experience in blockchain improvement, regulatory compliance, and monetary markets infrastructure to construct a complete platform that can purpose to facilitate entry to tokenized monetary property.”
Sologenic launched in 2019 as a decentralized alternate (DEX) platform constructed on the XRP Ledger that allowed buyers to tokenize and commerce shares. It went on to include crypto property and non-fungible tokens (NFTs).
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