CoinField unveils ‘secret’ XRP Ledger project, Sologenic

Early this month, the Canada based crypto exchange CoinField teased the crypto community about the mysterious project that was all set to reveal. Moreover, the secret project is now out of sight and is called by the name “Sologenic,” which is a sophisticated ecosystem on the top of the XRP Ledger.

This exciting news on the Ripple was revealed by the news and blog post, and the details were quickly shared by a prominent XRP community member “Panda Ripple XRP.” According to the reports, CoinField Sologenic, which is built on the XRPL ledger, will be going to offer the trade-off on-demand tokenized assets; this will also include the ETF’s and stocks, which comprises from more than 25 global stock exchanges.

As per the reports, the platform is introducing its new token called by the name as SOLO coins, which are issued on the XRPL as an ultimate liquidity solution. SOLO will act as the mediator between the non-blockchain-based assets and crypto assets by being paired directly with fiat as collateral to settle with the third-party brokerage firms.  Moreover, the newly introduced token will be available for trading on the Canadian CoinField existing exchange alongside its upcoming DEX and some other global crypto exchanges.

However, Bob Ras, CoinField CEO earlier, said that their upcoming project would be a game-changer for cryptocurrencies as well as the blockchain industry.

“We’re making it easy for people around the world to have access to different global stock exchanges via the blockchain. Imagine living in Tokyo and being able to trade assets from NASDAQ, HKEX, LSE, Deutsche Boerse, and major exchanges on one secure platform. This platform tokenizes stocks on the XRPL as demanded, allowing you to trade it against any cryptocurrency and spend in real-time anywhere. Ultimately, Sologenic helps the mass adoption of cryptocurrency by allowing people to invest in stocks. It’s a WIN-WIN for everyone!” Bob Ras commented about the new project Sologenic.

With the news being rolled out, the third largest cryptocurrency XRP is reflecting the positive figure. The coin is up with 1.40% within the past 24 hrs. and trading at the value of $0.29 against the USD.