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WhiteRock Launches Platform Tokenizing NYSE, Nasdaq, LSE Securities: Bridging Traditional Markets with DeFi For the First Time WhiteRock Launches Platform Tokenizing NYSE, Nasdaq, LSE Securities: Bridging Traditional Markets with DeFi For the First Time

WhiteRock Launches Platform Tokenizing NYSE, Nasdaq

Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

WhiteRock, a blockchain-powered brokerage for tokenized equities and bonds, has announced the launch of its platform, tokenizing NYSE, Nasdaq, and LSE securities on-chain. This is the first time bridging the traditional market with DeFi, making the global financial ecosystem readily accessible.

Maxime Pizzolitto, co-founder of WhiteRock, said, “Every stock and bond is uniquely identified on a single ledger. WhiteRock is building the first on-chain brokerage to align with this future.” 

WhiteRock enables investors to own fractional shares of real-world equities in a secure, transparent, and accessible manner. By leveraging blockchain technology, WhiteRock facilitates 24/7 trading without geographical restrictions, democratizing access to global markets and enhancing liquidity.

Over 500 stocks from the NYSE, NASDAQ, and LSE are directly tradeable on-chain through the WhiteRock platform, with a weekly trading volume of more than $100 million. The platform is fully compliant with major financial authorities and regulatory bodies.

Key WhiteRock Features

  • Tokenized Real-World Assets
    WhiteRock enables users to trade and invest in tokenized real-world assets, including stocks, bonds, and real estate. These assets are fully backed by regulated authorities, ensuring security and compliance.

    With the platform’s RWA tokenization, investors gain exposure to traditional markets using crypto assets while benefiting from blockchain transparency and efficiency.

  • USDX: On-Chain High-Yield Savings
    USDX is WhiteRock’s flagship product. It is a high-yield stablecoin backed by U.S. Treasury bonds. It offers a risk-free return of approximately 5% annually. Profits from these investments are distributed back to users, and balances automatically increase daily. USDX combines the stability of a dollar-pegged asset with the earning potential of U.S. Treasury bills.
  • Decentralization and Accessibility
    WhiteRock operates entirely on-chain, providing users with permissionless access to financial markets without intermediaries. Trades and transactions are transparent, and the platform is available 24/7, eliminating the constraints of traditional market hours. This empowers users worldwide to manage their investments freely and efficiently.
  • Trust and Security
    The platform partners with trusted custodians, including BlackRock, StoneX, and First Citizens Bank, to ensure the safekeeping of user assets. Additionally, WhiteRock’s smart contracts are audited by OpenZeppelin, a leading blockchain security firm, providing robust protection against vulnerabilities.
  • Effortless User Experience
    WhiteRock is designed for simplicity and ease of use, allowing both crypto-savvy and traditional investors to navigate its features seamlessly. The platform uses blockchain technology to remove unnecessary friction, enabling cost-effective, fast, and transparent transactions.

About WhiteRock

WhiteRock is a decentralized finance (DeFi) platform that enables users to purchase and trade tokenized real-world assets, such as stocks, bonds, and properties, using crypto assets. Operating entirely on-chain, WhiteRock ensures transparency, security, and accessibility in all transactions.

The platform offers permissionless trading by eliminating intermediaries, allowing users to engage in financial activities beyond traditional market hours. The WhiteRock USDX is an innovative, on-chain, yield-bearing stablecoin designed to empower users through realized profits from secure investments.  

USDX functions similarly to stablecoins like USDT but with a significant advantage: profits are distributed back to users. The yield is generated from short-term U.S. Treasury bonds, providing a risk-free interest rate of approximately 5%. Users’ USDX balances automatically increase daily, offering a secure and profitable savings option within the WhiteRock platform.

With a team experienced in traditional finance and blockchain technology, WhiteRock is at the forefront of real-world asset tokenization, bridging the gap between conventional and decentralized financial systems.

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This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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2024-12-25 09:25:02

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