'How Everest Is Making It Possible for People to Tokenize Traditional Assets' web3 oct_network
Regulation has always been a controversial talking point in the cryptocurrency space. On one side you have users who are against regulation, arguing that it goes against the principles of decentralization and a free market. On the other side, you have users that believe regulation is needed for crypto to reach mass adoption, due to issues with user error, fraud, and the recovery or compensation of lost funds.
Blockchain-based assets will be minted through the CRDT Engine which enables users to bring any traditional financial instrument on-chain. This works by using payment rails which enable multiple parties to transfer funds between each other, and Everest has access to local payment rails in nearly 50 countries.Exchange-traded stablecoins, especially those that are pegged to fiat currencies, are still facing murky regulatory waters.
Everest’s token architecture, coupled with its license allows it to establish local fiat accounts without needing additional regulatory approvals, thus empowering its partners & users to transact internationally. This, along with its wide access to local payment rails, enables it to work as a fast and cost-effective international infrastructure for the most complex financial products and protocols.
By using the platform, users without identification or access to institutional banking will be able to engage with these assets in tokenized form.Blockchain technology has the power to act as a gateway to institutional financial assets for the average user. The blockchain space has grown in popularity due to its low barrier to entry, however, there need to be compliant and trusted tools in place if we want to access traditional assets in tokenized form.
Blockchain-based assets will be minted through the CRDT Engine which enables users to bring any traditional financial instrument on-chain. This works by using payment rails which enable multiple parties to transfer funds between each other, and Everest has access to local payment rails in nearly 50 countries.Exchange-traded stablecoins, especially those that are pegged to fiat currencies, are still facing murky regulatory waters.
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