Sologenic, Tokenized 40K+ Stocks, And The Upcoming DeFi x SOLO Event of 2020
Decentralized finance (DeFi) has been the most prominent trend across the cryptocurrency and blockchain space throughout 2020. These blockchain-based alternatives to traditional finance have enabled crypto investors to earn ‘yields’ on their token lendings, borrowings, pool liquidity stakes to fund projects, and much more. Similar to the surging demand for new tokens in the DeFi space, we have also witnessed an enormous surge in the stock market and ETF investing, and more. Millennials and Gen-Z […]
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Today, we caught up with Bob Ras, CEO, and Co-founder of Sologenic, a foundation that synergizes different financial markets by tokenizing various asset classes on a decentralized ecosystem built on the XRP ledger. The Sologenic team is focused on bringing both cryptocurrencies and non-blockchain assets under one umbrella for the ease of trading. During this […]
FTX is "weeding out the competition" with its new selection of tokenized stocks. Cryptocurrency derivatives exchange FTX has announced it is growing its line of tokenized stock offerings, with the addition of five cannabis-related businesses.The Wednesday announcement, tweeted by FTX and Alameda Research CEO Sam Bankman-Fried, came in a haze of ex-hemp-lary (sorry) marijuana puns.“To be blunt, this is one of the dopest joint listings we've done. FTX: blazing a path forward and weeding out the competition.”The newly listed tokenized stocks are some of the biggest names in the cannabis....
Nasdaq, alongside Finnhub and Tiingo, will be providing its price feeds to DeFiChain, a DeFi platform built on the Bitcoin network. Tokenized stocks have had a shaky few months from a regulatory perspective, but that seemingly hasn't stopped legacy financial giants and decentralized finance (DeFi) advocates from inking new deals. Bloomberg reported today that Nasdaq, Finnhub and Tiingo, will be providing their price feeds to DeFiChain, a DeFi platform built on the Bitcoin (BTC) network.DeFiChain offers trading in tokenized stocks that correspond to the underlying price of major listed....
Sky high gas prices may make synths more costly than the real thing. Decentralized finance protocol Kwenta has launched a series of synthetic tokens for popular stocks — but current gas prices could make trading them more expensive than buying the real thing.In a blog post on April 23, derivatives trading protocol Kwenta —an Ethereum dApp which is powered by Synthetix — announced the listing of various synths that track the prices of stocks from the top five tech firms known by the acronym FAANG. These comprise Facebook, Apple, Amazon, Netflix, and Google. Tesla was already available and....
The Asian stock market is one of the biggest in the world, creating billions of dollars in wealth for those who understand how the system operates. Users no longer need to trust third parties or get blocked based on jurisdiction, as there is finally a one-size-fits-all solution for everyone’s needs. NASDEX, the premiere decentralized cryptocurrency exchange for trading tokenized Asian stocks, has its own native governance token, NSDX. The token is now live on various ecosystems. In this post, we’ll detail everything you need to know about buying and holding NSDX. What Is NASDEX and....