By Nir Yaacobi, SOV Development Foundation board of advisors
Sovereign (SOV) is a blockchain-based currency which is about to become the new legal tender of the Republic of the Marshall Islands (RMI), following the Sovereign Currency Act 2018 adopted by the Marshallese parliament.
Unlike other blockchain-based currencies such as Bitcoin…
In case you missed it, watch the live panel recording of Dr. Peter Dittus discussing CBDC and how the Marshall Islands currency fits into the ecosystem.
By Dr. Peter Dittus, board member of the SOV Development Foundation and Chief Economist at SFB Technologies
Contrary to popular belief, the differences between digital and traditional currencies aren’t that big. Both are mediums of exchange to purchase goods and services, they are used to store and transfer value, and…
By Dr. Peter Dittus, board member of the SOV Development Foundation and Chief Economist at SFB Technologies
Cash has been king in the Marshall Islands, but the days of coins and notes are numbered as the government approaches its plan to issue its own blockchain-based digital currency, the Sovereign or…
By Dr. Peter Dittus, board member of the SOV Development Foundation and Chief Economist at SFB Technologies
22 November 2019
Sustainable, safe and simple — the Marshallese Sovereign heralds a new era for the Pacific island nation
Early last year, the Republic of the Marshall Islands announced its plan to…
On September 11th, Minister David Paul announced the Time Released Monetary Issuance (TRMI) for the Marshallese sovereign (SOV) at the Invest: Asia conference in Singapore. Once the TRMI launches, people from around the world will be able to purchase pre-SOV units, which can be exchanged for SOV once the Marshallese sovereign launches.
"We're committed to do it the right way," The Minister said. "As long as we do it in a responsible manner it's going to withstand the test of time."
CoinDesk has just released the videos from the conference, so you can watch the Minister's talk in full.
The Minister's talk and interview made waves in both the crypto and mainstream media. We particularly recommend reading this article by Bloomberg that summarizes the key topics the Minister raised in his talk.
David Paul
Coindesk September 4, 2019
The Honorable David Paul is Minister In-Assistance to the President and Environment, Marshall Islands.
This essay is presented as a part of No Closing Bell, a series leading up to Invest: Asia 2019 focused on how the Asian crypto markets are interacting with and…
Issuing the Marshallese sovereign (SOV) is a major undertaking. It would not be possible without the help of blockchain technology experts and economic advisors to help:
We are happy to announce that SFB Technologies, Inc is the Appointed Organizer.
