Blockchain App Factory Tokenizes Gold worth $125 Million in two deals!
Added: (Fri Apr 12 2019)
Pressbox (Press Release) -
Blockchain App Factory helps two companies with legally compliant gold-backed cryptocurrency worth $125 million.
Blockchain App Factory, a leading end-to-end blockchain, cryptocurrency, and security token development company has helped two businesses to tokenize gold in a legally compliant way. The idea of digital gold has appealed to the masses as a system for alternative payment methods. After the internet went mainstream in 1993, purchase of gold via online sources emerged as the newest way to purchase assets. Millions of people across the globe were using the service.
“Compliance is one of the major issues with regards to asset-backed cryptocurrency. At Blockchain App Factory, we have strategic partnerships with leading compliance solution architects (custody & KYC/AML), thereby, adding value to the clients we serve.” said a Spokesperson for the company.
The characteristics of blockchain have enabled a highly secured method of accounting and digital currencies such as Bitcoin has gained much popularity among people, leading to a new wave of gold-based cryptocurrencies. Investors are interested in asset-backed cryptocurrency, especially gold. Countries across the globe are encouraged to issue their own gold-backed cryptocurrency ensuring the stability of both crypto and fiat currencies.
“Blockchain App Factory has a team of experts, consultants and blockchain enthusiasts who add value to our clients. With governments across the globe becoming crypto-friendly with regulations, we expect to see a rise in the number of stable coins (gold & fiat).” added the spokesperson.
In the near future, we can expect the two new gold-backed cryptocurrencies to release their token offerings soon and become one of the first regulated gold-backed cryptocurrencies. Most importantly, we cannot deny Blockchain App Factory’s key role to play in the project.
With compliance becoming the buzzword around the crypto-community, regulatory authorities have intervened in creating an ecosystem for blockchain projects to thrive. Through its strategic partnerships with compliance solution architects, Blockchain App Factory ensures that clients can maximize their value while differentiating themselves in the market from others.
https://www.blockchainappfactory.com/stable-coin-development