CoinField’s Sologenic to Use XRPL for Tokenization of Non-Blockchain Assets
Solomon Odunayo
3 min read
Ripple and its digital token, XRP has been welcoming a host of developments lately. This ranges from outstanding partnerships to being the top of investment round in Bitso, the largest cryptocurrency exchange in Mexico and Latin America.
The latest development seeing as a “big game-changer” among XRP community members is the recent announcement that Bob Ras, the CEO of CoinField recently published. The update stated that CoinField, a cryptocurrency merchant that makes cryptocurrency trading easy in 100 countries, is working on a project that will be fully built on XRP Ledger.
CoinField, the XRP Game Changer
The White Paper of the project was released on https://www.sologenic.com/. According to reports, a part of the XRP community members that have little knowledge about this have been waiting earnestly for this big announcement.
The project will be based on the tokenization of stocks and fiat on demand. Sologenic is initiating a sophisticated environment that will facilitate investors, traders and on-demand tokenization of assets like stocks, ETFs and fiats using XRP Ledger.
As reported, a tokenized stablecoin of USD fiat or TSLA stock will be presented respectively as USDƨ or TSLAƨ. These aforementioned stablecoins will be available for trading and redeemable against XRP and SOLO on XRPL DEX and CoinField exchange.
Subsequently, CoinField will open thirty thousand stocks on Ripple’s XRP Ledger, purposely for cryptocurrency trading. The exchange’s CEO, Bob Ras stressed the benefits that can be derived in merging the traditional financial market (non-blockchain financial system) with digital assets.
He also pointed out that they will give their customers in CoinField the freewill to tokenize any asset on demand, with access to more 30,000 stocks and ETFs.
The update also related that CoinField’s customers can trade SOLO coin on its already functioning Centralized exchange. The coin will also be up for trading in the under-processing XRPL DEX and other top exchanges across the globe.
As of now, Sologenic is recognized as the most aspiring project established on XRPL. This is quite a vast means of pushing for the mainstream adoption of Ripple’s digital token, XRP, and blockchain technology as a whole.
The Announcement and the Joy It Brings
The big announcement was received with joy in the XRP community. They see this as a means to showcase the use cases of XRP Ledger.
An XRP-centric Twitter account identified as XRP Research Centre and a host of other faithful took to the social network to display their excitements, tagging it as a big game-changer for XRP.
https://twitter.com/XrpCenter/status/1184089137651109889
Before now, the digital token XRP has been leading the way in the market. Its surging trend is so far exceptional to the extent of leading Bitcoin (BTC) in terms of daily price increase in the past few weeks.
This new development could as well serve as a new avenue for the price of XRP to surge towards the ceiling. At the time of filing this report, XRP is trading at $0.286872, with no notable downtrend or uptrend in the last 24 hours.
HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.
