Securrency, a leading blockchain-based financial markets infrastructure and products company, announced today that it will implement its proprietary Digital Asset Composer on the XDC network, a next-generation blockchain with a mature ecosystem and a particular focus in real estate. world applications in global trade and finance.
Digital Asset Composer is a unique no-code platform for the creation of digital assets, sophisticated financial instruments such as smart contracts on blockchain networks, and open source financial engineering in an open ecosystem of value. It will enable the XDC Network community to easily compose entire financial instruments and DeFi protocols, fractionate real-world assets (RWAs), and create highly customized utility NFTs.
Through the implementation of Digital Asset Composer, the XDC Network aims to empower its users with more powerful and convenient means of creating value on blockchain networks than the existing DeFi tools that have proliferated in recent years. Using Digital Asset Composer in conjunction with pre-loaded asset class building blocks, users will be able to quickly create and customize a variety of DeFi protocols spanning loans and lending, yield aggregation, asset management, and derivatives. The result is a community of network users who are empowered to create entirely new protocols, as well as extend their own versions of the most popular protocols on the market, much faster than is currently possible.
Securrency will further empower XDC Network users to create institutional-grade digital assets and protocols by integrating its Digital Asset Composer platform with Securrency’s compliance-aware token framework and Securrency’s Compliance Oracle. The combination of these two powerful technologies means that users will be able to issue tokens that are considered regulated securities and exchange these tokens in different places and multiple jurisdictions on the XDC network. In addition, Securrency’s compliance-aware token framework will enable identity-checked individuals to recover an enabled asset in the event of key loss, theft, or enforcement actions.
“This is an important development for the XDC Network ecosystem and for institutional adoption of digital assets,” said Atul Khekade, Founding Director of the XDC Network. “Our collaboration with Securrency addresses various regulatory and institutional stakeholder concerns regarding establishing and maintaining control of assets, especially as it pertains to regulated financial instruments such as digital bonds, trade finance distribution, stablecoins and central bank digital currencies (CBDCs).
Dan Doney, CEO of Securrency, added: “We are very pleased to partner with the XDC Network core team and broader community to implement Digital Asset Composer and enable decentralized access to next-generation financial processes and digital-native assets in one place. In a way that is decentralized, highly composable, and requires minimal knowledge of blockchain, Securrency and the XDC Network have set a serious marker in terms of innovation within the space.”
Securrency, Inc., is a group of companies with a common mission to transform capital markets and enable global liquidity and universal access through technology. Focused on Securrency Solutions Technologies, a blockchain-based capital markets infrastructure and products company, Securrency develops and implements proprietary and proprietary technologies through external clients and strategic partners, as well as through its organic Group financial services subsidiaries. . Founded in 2015, Securrency has pioneered institutional-grade blockchain tokenization and decentralized finance and has, among other technologies in its deep tech stack, a unique interoperable compliance framework to enable real-time movement of value and a powerful smart contract. Composer to automate complex financial operations at scale. Through its strong partnerships with some of the largest and most important global financial institutions, its strategic positioning in the US, UK, Europe and the Middle East, Securrency has firmly established itself as one of the leading companies in blockchain technology in the world.
XDC Network is a leading enterprise-ready hybrid blockchain for global trade and finance.
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