Universal Protocol Monthly Report: October 2020
October has been an up and down month for the UP Alliance.
On the one hand, we have been encouraged by the accelerating momentum as the world embraces digital monies and digital assets as witnessed by the landmark announcements of PayPal and Square to name but two. We continue to believe in a world in which all of the world’s asset classes are digitized and tokenized and are excited that our work of the last few years has put UP Alliance ahead of most with our reliable, easy and powerful approach. Our focus on stablecoins and tokenized commodities make us a perfect partner for anyone wishing to launch their own digital monies and commodities. This month we are working furiously towards our biggest and boldest set of product releases yet, which we are planning on launching on November 17. Expect to hear more about these shortly. We are excited to be in the right place at the right time.
On the other hand, we were shocked and saddened by the abrupt collapse of Cred. Despite the collapse of Cred, UP’s fundamentals, economics, and roadmap remain unaffected. The all-hands-on-deck push to launch a suite of world-first products in November is in full swing.
UP has found a new Chairman to take the reins of the project, Matthew Le Merle. We are delighted that Matthew has joined. Matthew is the Managing Partner of both Fifth Era (investor in +200 fintech and crypto companies) and Keiretsu Capital; he is the Manager of Blockchain Coinvestors; the Chairman of CAH and Securitize (Europe), as well as the Vice-Chairman of SFOX. Matthew has hit the ground running, acting as a team leader for our suite of November releases.
We are also pleased to announce that our partner in the release of UPXAU, Infinigold has joined the Alliance as the anointed specialist in metals. Look for additional tokenized metals in the coming months!
As a teaser to what is coming in November: We will be tokenizing what is likely to be the defining commodity of a generation (if not three)… and the supply and demand fundamentals are overwhelmingly compelling. Beyond providing first-time access for retail trading — digitizing, fractionalizing, and tokenizing this asset will lead to myriad ingenious downstream applications.
News Across the UP Alliance
Uphold
You Can Now Buy Stocks Any Time of Day on This Crypto App. Uphold crypto app launches 24/7 equities trading.
Bittrex Global
Bittrex Global gets cleared to run crypto exchange from Bermuda. DeFi Summer is Over: As Token Prices Drop, Prepare For DeFi Fall — Literally.
Ledger
Ledger wallet company passes official security audit. Ledger is investigating phishing scam that targets wallet users. Ledger’s recent security audit was unconnected to their data breach in June.
CertiK
CertiK releases blockchain with real-time smart contract auditing. Certik Chain Sets New Standards In Blockchain Security Protocols With Mainnet Launch.
