Digital Asset Markets signs an MOU with Ava Labs to facilitate the issuance and distribution of RWA tokens
Digital Asset Markets has signed a Memorandum of Understanding with Ava Labs, developer of the Avalanche blockchain.
Digital Asset Markets plans to support the issuance of RWA tokens, such as Zipangcoin issued by Mitsui & Co. Digital Commodities, and conduct distribution business through Crypto asset exchanges, with further plans to develop on-chain utilization technology for personal information, which is the last one-mile problem for the social infrastructure of blockchain.
AvaCloud is Ava Labs’ managed blockchain service for deploying and scaling fully managed custom blockchains offering configurable fee structures, EVM compatibility, proprietary tokens, flexibility in blockchain formats, and interoperability with public chains.
AvaCloud allows businesses to build and operate their own blockchain with no code, without the need to deposit cryptographic assets normally required for blockchain startup, and with only a monthly fee payment in legal tender, the same as for general cloud services. This is a fully managed service.
With the conclusion of this MOU, Digital Asset Markets will work with Ava Labs to lower the hurdles for enterprise and users to utilize blockchain technology, and to build an infrastructure environment in the technology to support the issuance and distribution of RWA tokens and on-chain utilization of personal information, with the aim of creating a social infrastructure for blockchain technology.
Please follow us to read more about Finance & FinTech in Japan, like hundreds of readers do every day. We invite you to also register for our short weekly digest, the “Japan FinTech Observer”, on Medium or on LinkedIn. Our global Finance & FinTech Podcast, “eXponential Finance” is also available through its own LinkedIn newsletter, or via our Podcast Page.
Should you live in Tokyo, or just pass through, please also join our meetup. In any case, our YouTube channel and LinkedIn page are there for you as well.
