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European crypto exchange CoinField is getting closer to the launch date of its ambitious Sologenic project.  This week it announced all of the stock exchanges that will be “compatible” for tokenized assets trading on the XRP Ledger.  Once live, the Sologenic ecosystem will allow trading of 40,000 stocks, ETFs and commodities. These traditional assets will be turned into stablecoins and backed by real-word assets, per Sologenic. 

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Here is the complete and very impressive list of traditional stock exchanges that Sologenic is adding to its platform:

NASDAQ

New York Stock Exchange & NYSE MKT

Toronto Stock Exchange

TSX Venture Exchange

Athens Exchange

BME Spanish Exchanges

Deutsche Borse (XETRA)

Irish Stock Exchange

Johannesburg Stock Exchange

London Stock Exchange & IOB

Milan Stock Exchange

NASDAQ OMX Copenhagen, Helsinki and Stockholm

NYSE Euronext Amsterdam AEX, Brussels, Lisbon and Paris

Oslo Stock Exchange

Prague Stock Exchange

SIX Swiss Exchange

Wiener Borse / Vienna Stock Exchange

Warsaw Stock Exchange

Australian Securities Exchange

Hong Kong Exchanges

HK Stock Connect

Singapore Exchange

Tokyo Stock Exchange   

Commenting on the announcement, CoinField’s CEO and Sologenic’s Co-creator Bob Ras said: “What makes Sologenic a game changer is “On-demand Tokenization,” where traders have access to a wide range of securities offered by the top global stock exchanges. Traders can tokenize any assets in real-time and then trade them against cryptocurrencies or other tokenized assets. I believe it’s time for the traditional financial markets to be disrupted and take advantage of existing blockchain technology.”

Sologenic also provided details on how the ecosystem works – it turns real-world assets into digital tokens and puts them on the XRP Ledger for trading.  Generated stablecoins will represent the ownership of the asset, with the suffix “ƨ” added to it. A tokenized Tesla stock (TSLA) will become TSLAƨ, for instance. Users will be able to store and keep custody of their tokenized assets in private online or offline wallets and no third party is required to keep the private keys, per Sologenic.  

Trading will take place on a centralized exchange, as well as on a DEX, which is expected to launch in Q2 2020. Sologenic has also announced SOLO cards to spend cryptos instantly anywhere in the world.

The post Sologenic Lists 30 Securities Exchanges For Stocks Tokenization appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/sologenic-lists-30-securities-exchanges-for-stocks-tokenization/

 

source: https://globalcoinreport.com/sologenic-lists-30-securities-exchanges-for-stocks-tokenization/

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