Stock and security exchanges that will let people tokenize over 40,000 assets including traditional assets on XRP ledger are set to be named, the CEO of Sologenic, Bob Ras has said.
As revealed in a statement by CEO Ras, Sologenic platform, which was introduced by Coinfield with the aim of bridging the gap between the financial and crypto markets, is set to release the list of exchanges that will let people tokenize assets on XRPL with the use of SOLO token.
Ras said the Stock & Securities Exchanges are 31 in numbers, and their names would be released this week.
As promised we'll be disclosing the complete list of 31 Stock & Securities Exchanges this week.
Sologenic will tokenize over 40,000 assets from these exchanges on the #XRP Ledger. These assets include Stocks, ETFs and Commodities.
— Bob Ras (@bobrasX) March 30, 2020
On March 26, Sologenic announced the first batch of the global crypto exchanges to list the SOLO token. The list containing 9 exchanges. The exchanges include CoinTiger, HitBTC, SistemKoin, BitForex, WhiteBit, BitForex, CoinsBit, Bilaxy and Probit.
Bob Ras, while addressing the development, said the team is working on including SOLO token on new exchanges, as they also target 10 top global exchanges.
“The strategy to list SOLO on other exchanges has been split into two phases. In phase one, the first step was to get SOLO listed on multiple exchanges internationally so users from different countries can have access to trade SOLO. The main focus in the second phase will be on major 10 top global exchanges.” Bob Ras Said.
To celebrate the listing of the SOLO token on Probit, the exchange launched a competition for users of the token on its platform. A total of 6,100 SOLO is to be distributed in the contest.
The Sologenic team says it is working on revolutionizing the traditional financial markets with its innovation. The team plans on releasing the SOLO cards by Q2. Before the end of Q3, other features like Sologenic Securities Trading Platform and Sologenic DEX would also be out.