Asset Tokenization Altcoin Skyrockets 110% in One Day Amid New Partnership With SEC Registered Broker-Dealer

An asset tokenization altcoin is surging after saying a brand new partnership with a broker-dealer registered with the U.S. Securities and Trade Fee (SEC).

Earlier this week, asset tokenization platform Sologenic (SOLO) announced a partnership with Texture Capital, a US-based broker-dealer specializing in blockchain know-how and digital property.

Information of the partnership brought on the platform’s native asset, SOLO, to skyrocket from a worth of $0.29 on November 21 to a worth of $0.83. It has since stabilized and is buying and selling at $0.77 on the time of writing, up over 110% during the last 24 hours.

Sologenic and Texture Capital will do that collectively roll out SoloTex, a buying and selling platform permitted by FINRA (The Monetary Business Regulatory Authority) that enables main traders to tokenize securities. Nonetheless, no particular date was given for the launch.

“Solotex is at the moment in improvement. As soon as permitted and launched by the regulator, the platform goals to remodel international markets by offering entry to tokenized property…

Collectively, each groups leverage a collective experience in blockchain improvement, regulatory compliance and monetary markets infrastructure to construct a complete platform that goals to facilitate entry to tokenized monetary property.”

Sologenic launched in 2019 as a decentralized change platform (DEX) constructed on the XRP Ledger, permitting traders to tokenize and commerce shares. It went on to incorporate crypto property and non-fungible tokens (NFTs).

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