FinNexus fintech company that is developing an open-source finance protocol said that it plans to build a tokenized asset platform on the XRP ledger.
This is billed as a one-stop-shop protocol based on three pillars of the DeFi movement – convenience, value, and diversity.
This company is working to create marketplaces that offer digital tokens that represent real-world assets such as exchange-traded funds and stocks.
XRP ledger will be used to issue tokenized assets
In the 2020 roadmap, the firm said that they will be using the XRP ledger to issue tokenized assets.
The backbone of FinNexus is built on the public blockchain platform WanChain.
The company said that it is planning to work with as many open protocols as possible to expand its reach.
“Cooperation and partnership are crucial to the success of our business. In 2020, our focus will be to partner with other public chains, in addition to Wanchain (WAN), to connect not only in protocols but also in business and communities.
Partners with quality assets, either on-chain or off-chain, and partners capable of underwriting these assets will be the key users of the FinNexus protocol clusters.”
FinNexus is looking to launch a testnet of its decentralized platform by the fourth quarter of this year.
We strongly recommend that you check out the official FinNexus 2020 roadmap.
Cooperation and partnership are essential
The official notes also address the importance of cooperation and partnership.
“Cooperation and partnership are crucial to the success of our business. In 2020, our focus will be to partner with other public chains, in addition to Wanchain (WAN), to connect not only in protocols but also in business and communities,” according to official notes.
These continue and detail: “Partners with quality assets, either on-chain or off-chain, and partners capable of underwriting these assets will be the key users of the FinNexus protocol clusters.”