He added that this “ecosystem” will merge non-blockchain conventional market assets with cryptocurrency assets. He announced that CoinField gives its patrons the capacity to tokenize any asset at will and that the tokenizing can be selected from a basket of over 30,000 stocks and ETFs.
Ras concluded by saying that this innovation will help foster the adoption of cryptocurrencies even further.
How Solo Will Work
CoinField plans on using their cryptocurrency, Solo (Ƨ) to serve as a connector for cryptocurrency assets and stocks or ETFs. Solo will then be coupled with fiat currency and will be usable in transactions with other brokerage corporations.
An example is this: Apple shares (AAPL) would get transformed into a tokenized Stablecoin edition of the Apple stock which is AAPLƨ, also, USD would become USDƨ.
These newly created “Stablecoins” can then be traded against XRP as well as Solo on Coinfield’s exchange and XRPL DEX.
CoinField’s Timeline
Confield has been developing this program for the past 6 months. They have collaborated with enterprises like Wieste Wind, and Cashaa to make this project a reality.
The product will be released in the first quarter of 2020 through a public IEO. Solo users will have the ability to exchange their tokens for Bitcoin as well as other assets. They will be provided with a “crypto card” to allow them to use cryptocurrency assets as collateral and can use it instantly anywhere on the planet.
In the second quarter, CoinField plans on releasing an exchange, however, patrons will not be able to use the platform until much later in the year. The exchange is expected to acquire a brokerage licensing from Estonia’s authorities in 6 months.
The establishment is presently headquartered in Canada but they have plans on relocating to Spain.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.