Today, the CoinField crypto exchange introduces Sologenic, an ecosystem for trading tokenised on-demand digital assets directly on the Ripple Ledger (XRPL).
With the aim of merging traditional financial markets with the crypto world, Sologenic will distribute its SOLO Coins (Ƨ) for trading and liquidity provision on the XRP ledger, which is considered to be efficient in moving such liquidity in seconds.
Thanks to this integration, defined as a dynamic bridge between crypto assets and assets not based on blockchain but on fiat and guaranteed by third parties, it will be possible for users to buy, trade and tokenise assets such as shares, ETFs and fiat currencies on-demand.
To put the idea into practice, consider a tokenised stablecoin of TSLA or USD which is referred to as TSLAƨ or USDƨ. These stablecoins are tradable and redeemable against XRP and SOLO on both the CoinField exchange and the XRPL DEX.
CoinField CEO Bob Ras has declared:
“We’re making it easy for people around the world to have access to different global stock exchanges via the blockchain. Imagine living in Tokyo and being able to trade assets from NASDAQ, HKEX, LSE, Deutsche Boerse, and major exchanges on one secure platform. This platform tokenizes stocks on the XRPL as demanded, allowing you to trade it against any cryptocurrency and spend in real-time anywhere. Ultimately, Sologenic helps the mass adoption of cryptocurrency by allowing people to invest in stocks. It’s a WIN-WIN for everyone!”
Currently, Sologenic’s SOLO currency will be available for trading on CoinField’s existing crypto exchange, CoinField’s upcoming DEX and major global crypto exchanges.