WhiteRock Unveils DeFi Platform for NYSE, Nasdaq, and LSE Securities Tokenization
WhiteRock Finance launched its tokenized platform on December 24 to bring real-world assets such as stocks, bonds, and real estate to the blockchain. The platform supports tokenized trading of securities listed on the NYSE, Nasdaq, and LSE.
From Wall Street to Blockchain: WhiteRock Brings Traditional Markets On-Chain
According to the announcement, the platform seeks to provide native exchange liquidity and access to traditional markets through a decentralized framework.
In a post on X, WhiteRock highlighted the vast potential of tokenizing traditional assets. The post described the move as a financial revolution and emphasized the scale of the markets involved.
A financial revolution as the first on-chain brokerage.
We are unlocking access to tokenized equities, bonds, and financial instruments—markets worth $400 trillion.
The future of finance is tokenized, and WhiteRock is leading the way. pic.twitter.com/XHjvyBRwlI
— WhiteRock (@WhiteRock_Fi) November 24, 2024
The company sees blockchain as a tool to level the financial playing field. The platform seeks to democratize access to traditionally exclusive wealth-building opportunities by enabling decentralized trading.
WhiteRock allows over 500 NYSE, NASDAQ, and LSE stocks to trade directly on the blockchain. Its platform has already exceeded $100 million in weekly trading volume.
WhiteRock Expands USDX Utility Across DeFi Ecosystem
WhiteRock adheres to strict regulatory standards, ensuring compliance with major financial authorities worldwide.
The platform’s offerings are being rolled out in five phases, with Phase 1 already live.
WhiteRock’s trading infrastructure supports tokenized bonds and equities, which are now fully operational.
The platform has also introduced the $WHITE token and a native stablecoin, USDX. Users can utilize USDX to optimize returns on their USD holdings.
The upcoming lending feature will allow users to borrow against tokenized stocks and bonds. Institutional-grade risk management frameworks back these assets.
Real-world asset (RWA) protocols can also use their tokens as collateral to access liquidity.
WhiteRock plans to expand the use of USDX across the DeFi ecosystem. This phase will include integration with major decentralized exchanges (DEXs), cross-chain functionality, and yield optimization strategies.
The company is developing WhiteX, an advanced order book-based DEX, on its regulatory-compliant blockchain, WhiteNetwork. This system aims to create permissionless markets for various financial assets.
The final phase will expand WhiteRock’s tokenization efforts. It aims to bring real-world assets like intellectual property, real estate, and commodities onto the blockchain, enabling the tokenization and trading of any valuable asset.
WhiteRock’s services are not currently available to U.S. residents. The platform complies with regulatory standards in all jurisdictions where it operates.
Users are advised to confirm their eligibility based on their location before accessing the platform.
Source: cryptonews.com
