SoloNex is an ecosystem built on top of the XRP ledger. Sologenic has announced the official launch of SoloNex, a tokenization brokerage solution that provides and improves blockchain technology or current services for global banks, investment corporations, brokerage houses and exchanges.
Sologenic’s new product enables financial institutions to tokenize various groups of assets including stocks, ETF, shares and properties. SoloNex features include fractional trading designed to improve accessibility and the introduction of funding rounds with open blockchain technology. Institutional agencies will control full ownership of assets or minimize risk and liability by enabling users to retrieve tokenized assets into their private wallets. This solution would allow trading activity to take place 24/7, even when the market closes.
The XRP-built SoloNex aims to bring a fast, secure and scalable tokenization solution for the financial market. Ripple Labs Inc. is the company behind the XRP Ledger's key development.
Sologenic Chief Product Officer Dmitri Litvonovich commented,
“SoloNex is the perfect turn-key solution for organizing a tokenization brokerage business. Our ATIP (Asset Tokenization Institutional Platform) has a perfect fit for both: startup or early-stage brokerages and established brokers and banks who would like to diversify their product portfolio leveraging the DeFi blockchain technologies. SoloNex is a full-cycle solution featuring all necessary components for operating a brokerage and tokenization business. The ease of use and device compatibility is provided through the advanced technology components, including mobile and web terminals. It provides traders with the most powerful platform for trading classical investment assets on the blockchain.”