Tokens 2.0 (CryptoDepository Receipts)

Jibrel
Jibrel
Jul 10, 2017 · 2 min read

Smarter tokens through smart regulation

We received quite a few questions around CryDRs and the value they unlock, so we thought we’d add a bit of color on what CryDRs / Smart Regulation brings to the blockchain.


CryptoDepository Receipts (CryDRs)

CryDRs are programmable tokens that can house real-world regulation in a decentralized format. This means tokens are always KYC / AML compliant. In addition, governments, organizations and individuals can program their own logic into their own CryDRs. Ensuring tokens, while decentralized, will never jeopardize the off-chain operations / legal standing of entities who use them.


Smart Regulation

In the traditional economy, regulation is placed around certain asset classes to manage fraud, market, credit and systemic risk. Currencies, commodities and securities all have different regulations across different jurisdictions.

The Jibrel team has worked (and continues to work) tirelessly with our regulatory advisors to translate real-world regulation into smart regulation (solidity code).


Asset Classes (Illustrative, non-exhaustive)

The table below illustrates how different types of asset classes can incorporate smart regulation:

Jibrel will initially support currencies and market market instruments, before moving onto more nuanced assets

Response-time / Regulation Updates

Jibrel has also built-out the capability to quickly deploy new regulation as it evolves, ensuring CryDR regulation can be updated on the go as the crypto-ecosystem matures / with real-world regulation changes.

Jibrel

Traditional Financial Assets on Ethereum

Jibrel

Written by

Jibrel

Putting traditional assets on-chain https://jibrel.network/

Jibrel

Jibrel

Traditional Financial Assets on Ethereum

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade