Sologenic launches asset tokenization brokerage solution SOLONEX

Rick Steves

Besides SOLONEX, Sologenic launched custom-built CBDC Tokenization Solution and integrated with Fireblocks for the institutional custody of digital assets.

Sologenic has announced the launch of SOLONEX, an asset tokenization brokerage solution, and a specialized custom-built CBDC Tokenization Solution.

Powered by XRP Ledger, SOLONEX offers 24/7 trading, on-demand asset tokenization, automatic dividends payout, and fractional trading. The solution enables financial institutions, including banks, brokerage houses, investment firms, and exchanges globally, to tokenize a vast array of asset classes, including stocks, ETFs, commodities, and real estate.

The firm’s custom-built CBDC Tokenization Solution, on the other hand, was tailored to cater to the diverse requirements of financial institutions, government agencies, and private banks, that want to streamline the creation and management of unique digital currencies.

Additionally, Sologenic announced a strategic alliance with Fireblocks to enhance the institutional custody of blockchain-based assets and significantly bolster the global adoption of Sologenic’s tokenization technology.

“Empowering global financial institutions to partake in the tokenization revolution”

Reza Bashash, CTO of Sologenic, said: “The launch of SOLONEX and our CBDC Tokenization Solution represent Sologenic’s most pivotal innovations to-date. By leveraging the XRP Ledger’s efficiency and scalability, we’re empowering global financial institutions to partake in the tokenization revolution.”

Bob Ras, Co-Founder at Sologenic, said: “The introduction of SOLONEX signals a groundbreaking shift in the interplay between blockchain and finance. Our integration with Fireblocks strengthens Sologenic’s dedication to ensuring secure, forward-thinking transformations in this arena.”

Stephen Richardson, Managing Director of Financial Markets at Fireblocks, commented: “Fireblocks’ scalable and highly-secure technology was created to support innovative companies like Sologenic. Our institutional-grade key management technology ensures peace of mind as customers manage their day-to-day digital asset operations as they create the financial products of tomorrow.”

Sologenic has unveiled a newly formed business division: Securities Market Strategic Partnerships, which will unit will focus specifically on providing these transformative solutions to financial institutions, government agencies, and private banks.

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