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@Hash_hopes
building @prismassets romans 14:8
参加 October 2024
4.7K フォロー中    5.8K ファン
independent verification for tokenized assets is now live on prism. here: this is the first step of fixing the biggest issue the RWA ecosystem is facing now and which is scaring off HNW investors: verification and proof of reserves. we have now built a 5 layer verification tier for each asset on prism and you know whats crazy? half of the assets now in the RWA world are not even real. they are just trading backed by pure vapours and nothing else lol. now you can manually verify each asset and get a complete audit report. also for a lot of tokenized assets, the contracts for the underlying assets already expired years back, so now that asset which was backed earlier is not backed legally now. this creates an immense risk for investors. we found out that 4 tokenized assets from one of the famous issuers out there for tokenized stocks have expired contracts lol. but we delisted those assets. but just know that, a lot of assets out there are not really backed even assets by the biggest issuers out there. verification was the biggest issue that wasnt solved neatly till date and we are building a proper immutable verification layer to build a foundation for the future of RWAs. also OSINT tool and custodian information for each asset are being worked upon and shall go live soon. most of the swiss vaults dont report data transparently eventho the vaults are genuine which makes OSINT a bit harder. we are working on solving this issue too. lets build
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Independent Verification for Tokenized Assets. Now live on Prism. Check it out here: