CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform. Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.
Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play. The desktop version is available for Windows and Mac.
“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO Bob Ras at the launch of the IEO.
Sologenic, the brainchild of CoinField in development for about a year now, is an ecosystem built on top of the XRP ledger that merges traditional financial markets with crypto assets. The platform will tokenize over 30,000 stocks and ETFs from top global stock exchanges.
In November 2019, the Malta AI & Blockchain Summit nominated Sologenic as “Defi Project of the Year.”
Also in February, Sologenic introduced a new bounty program for developers or businesses to help grow the XRP ledger. The SOLO core team has also collaborated with XUMM and XRP Toolkit. Both XUMM and XRP Toolkit will integrate SOLO tokens and all Tokenized assets (Stocks & ETFs) onto their platforms. XUMM is a platform developed by Wietse Wind’s team, XRPL LABS.
The post CoinField Launches Sologenic Initial Exchange Offering appeared first on Global Coin Report.
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