Asset tokenization – It’s a concept that has recently gained traction. Several different efforts to back cryptocurrencies with some sort of element bearing intrinsic value have occurred, and for good reason. Cryptocurrencies like Bitcoin have changed the world over and we believe that the world is moving in a direction of relying more on digital modes of payment. There are, however, some valid concerns on the potential lifespan of the pioneers of such technologies. Imagine one day you’re worth $5,000, the next day $12,000, the next day $9,000, the next day $3,000, then back up to $5,000, etc. In a crude manner of speaking, that’s essentially the reality we’re witnessing. Sure, the capital gains are wonderful, but if you’re doing regular spending with a monetary instrument, wouldn’t you expect more reliability?
This is where the concept of Stablecoin Technology stems from; the push to offer a token that remains pegged to another more stable element, generally one with its own value. Some use gold, silver, or other precious metals. Some use forms of fiat. Others use traditional securities such as bonds, CDs, or ETFs.
The problem is, most stablecoin tokens on the market currently are poor to scale, lack the ability to be used in widespread cases, or end up being altogether unsuccessful because the assumptions used to build the financial model fall short of reality, and very few have survived the demands of an open (and brutally honest) marketplace. This is where Regius Mark will set an entirely new standard.
Blockchain technology has granted us the ability to take assets, record them in supply chains, and mint tokens representative of the value of those assets. We have built a custom protocol to serve this very purpose, and here’s how we do it: