DIFC-based ZENIQ introduces blockchain tokenization platform in Dubai

The new platform aims to ensure safety in creating and transferring digital assets

  
A general view of The Gate building at Dubai International Financial Centre (DIFC) in Dubai, United Arab Emirates June 23, 2019. Picture taken June 23, 2019.

A general view of The Gate building at Dubai International Financial Centre (DIFC) in Dubai, United Arab Emirates June 23, 2019. Picture taken June 23, 2019.

REUTERS/Christopher Pike

UAE - Mubasher: ZENIQ, the Dubai International Financial Centre (DIFC)-based platform for digital assets and blockchain technology, has launched a blockchain tokenization platform in Dubai.

The new platform aims to ensure safety in creating and transferring digital assets, offer alternative secure access to liquidity, and tackle the challenges that have been imposed by blockchain technologies, according to a recent press release.

In partnership with Sheikh Saeed bin Hasher Al Maktoum, the blockchain tokenization platform will support the UAE government in achieving a digital economy and accelerating the fourth industrial revolution in the country.

In addition, the platform will enable its users to have access to liquidity in the DIFC, while following the best international and local regulatory standards relating to know-your-customer (KYC), anti-money-laundering (AML), and other laws.

ZENIQ CEO, Mag. Erwin Dokter, said: "ZENIQ isn’t just unleashing the true potential of blockchain technology, it will also provide a new wave of digital innovation and economic opportunities. We have developed an advanced infrastructure and regulatory system for the development and adoption of digital assets and tokenization."

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Technology