Blockchain
Zoth and Singularity Finance Launch ZTLN Prime to Bring Institutional-Grade Funds On-Chain
Credit : cryptonews.net
Gros Islet, St. Lucia – Zoth, a pacesetter in real-world asset (RWA) tokenization, has partnered with Singularity Finance to launch Zoth Tokenized Liquid Notes Prime (ZTLN-P). Backed by US Treasury ETFs and Cash Market Funds (MMFs), ZTLN-P offers institutional traders with a safe, on-chain resolution for optimizing authorities bonds and attaining secure returns. (Cowl photograph: Mario Casiraghi, co-founder of SingularityDAO)
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Operated by Doo Group and managed by famend asset managers, this product bridges the hole between conventional finance (TradFi) and decentralized finance (DeFi), with an emphasis on safety, liquidity and transparency.
Mario Casiraghi, co-founder of SingularityDAO and Singularity Finance, commented:
“ZTLN Prime is a transformative step towards bridging the hole between conventional finance and decentralized finance. By combining Zoth’s experience in tokenizing high-value real-world belongings, we’re delivering an institutional-grade product that embodies safety, liquidity and transparency for the worldwide Web3.0 ecosystem.”
Mario Casiraghi, co-founder of SingularityDAO
Revolutionizing treasury administration with tokenization
The partnership between Zoth and Singularity Finance (SFI) introduces a brand new method to treasury administration. By leveraging SFI’s tokenization framework, ZTLN-P offers an environment friendly and compliant path to bringing RWAs onto the chain. This partnership permits corporations to handle and develop their Treasury holdings with minimal danger, utilizing U.S. Treasury-backed ETFs and MMFs to generate constant returns.
Highlighting the industry-shaping potential of ZTLN-P, Zoth CEO Pritam Dutta mentioned:
“ZTLN-P is an industry-driven product that aligns short-term, institutional-quality investments akin to BlackRock iShares Treasury Bond ETFs with the effectivity and transparency of blockchain. With Singularity Finance’s distinctive experience, this partnership marks the start of a brand new period the place DeFi is not a speculative market, however a reputable different to conventional finance.”
Pritam Dutta, CEO of Zoth
Singularity Finance’s proprietary framework ensures regulatory compliance underneath the Cayman Islands Financial Authority (CIMA) and the Mutual Funds Act (2021 revision). This authorized rigor, mixed with Zoth’s experience in go-to-market (GTM) methods, delivers a complete, safe and easy-to-use platform for institutional traders looking for publicity to tokenized monetary devices.
TradFi-backed safety for on-chain traders
On the core of ZTLN-P’s worth proposition is its reliance on world-class belongings. Leveraging BlackRock-managed iShares ETFs and MMFs targeted on US Treasuries, ZTLN-P offers a low-risk different to unstable DeFi return methods. This help ensures unparalleled liquidity, predictable returns and capital preservation – key elements for establishments looking for monetary stability within the blockchain area.
Not like speculative DeFi merchandise, ZTLN-P prioritizes safety, liquidity and transparency. The token’s design meets the wants of institutional traders and offers the boldness that their capital is being deployed in tightly managed monetary devices. This marks a big shift inside DeFi, reworking it from a speculative market to a reputable different to conventional monetary merchandise.
Cloris Chen, CEO of Singularity Finance, highlighted the long-term impression of this partnership:
“One of many core pillars of Singularity Finance is constructing an ecosystem that serves as a house for RWA initiatives, powered by the SFI tokenization framework. This partnership with Zoth represents a serious milestone for SFI, and the launch of ZTLN Prime unlocks a brand new and modern means for the worldwide Web3.0 ecosystem to handle and develop their treasuries, unlocking new alternatives within the DeFi ecosystem accessed whereas sustaining the very best requirements of compliance and belief.”
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About Zot
Zoth is a retail-focused RWA ecosystem that connects on-chain and conventional financing by way of institutional-grade fastened earnings merchandise. The ZothFi market offers accredited traders, asset house owners and establishments with seamless entry to different belongings, selling a globally inclusive monetary system. Learn extra at: zoth.io
On singularity financing
Singularity Finance is the primary AI-centric, EVM-compatible L2 blockchain that brings the AI financial system to the chain. It offers a totally appropriate RWA tokenization framework to tokenize and monetize the AI worth chain in its entirety. Rooted within the SingularityNET ecosystem and intently linked to the Synthetic Superintelligence Alliance, Singularity Finance will change into the monetary chain for all AI-related companies. Learn extra at: singularityfinance.ai/
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