DeFi platform FinNexus and leading financial services platform Bitrue have announced their intentions to expand services to the XRP and Wanchain ecosystems through the tokenization of novel real-world assets.
The first project from this partnership will be the FNX token, an asset with a unique conversion mechanism that both sustains the price of FNX and also gives users an opportunity to modify the risk level of their investment portfolio at any time.
“Supplying investors with a diverse range of quality assets for different investment strategies is very important in the post-COVID-19 market. We will use advanced blockchain and legacy system protocols to make more assets accessible on-chain throughout the world,” said Boris Yang, CEO of FinNexus. His team believes that not only those investment options of the traditional finance industry, but also true cutting-edge innovations, are the key to the future of DeFi.
Read More: Celsius Network and Prime Trust partner to secure depositors funds and offer low-cost credit
Backed by Wanchain, the 2020 roadmap for FinNexus already includes tokenized assets to be released on the XRP Ledger. Their initial partnership with Bitrue – a leading financial services company with a strong user base in Europe and South-East Asia – will be to launch a token sale for their native utility token FNX starting on Monday, May 11. With a focus on rapid iteration and user-focused features, Bitrue is climbing the ranks of trusted digital asset exchanges.
“Innovation has always been at the heart of Bitrue, from the introduction of our Power Piggy product that gives ordinary investors a chance to earn while they sleep, to our adoption of XRP as a base currency, we’re always on the lookout for new ways to bring value to our users. We’re excited to be working on yet another cutting edge and unique financial product,” said Curis Wang, CEO of Bitrue.
Read More: Finhabits Launches Microlearning Journeys to Help Diverse Communities Build Healthy Financial Habits
