Sologenic’s Co-creator, Bob Ras discussed Sologenic’s future expansion plan & how #XRP Ledger technology helps financial institutions like Sologenic to stay within the regulatory frameworks, and more in an interview with Jane King at Nasdaq Marketsite in New York on 12th September 2021 (source).
Key ideas discussed in the interview:
Sologenic’s role in helping users to tokenize over 40,000 stocks and ETFs from top global exchanges.
How sologenic allows for multiple assets to be managed within a single platform at a low cost and manage your portfolio better.
Unique features of the Sologenic platform such as fractional trading, allows you to trade at as little as you wish.
Securities and AML regulations: How Sologenic complies to and maintains top-notch security standards.
How the XRP Ledger technology allows users to trade securities outside of our own platform under Decentralized Exchange.
The features adopted to make our platform accessible and simple to use.
Currently, Sologenic allowing users to practice trading and test their strategies via practice money offered on our platform at sologenic.com.
Sologenic’s future plans and roadmap for expansion into the US Market, and more.
Fast, secure & intuitive decentralized exchange built by experienced traders.
Mark your calendars! On March 31st, 2021, Sologenic is launchingthe Sologenic DEX, an advanced decentralized trading platform. It allows users to trade any fraction of tokenized assets, SOLO, and XRP while having custody of their private keys, providing maximum security and trust.
Limitless Trading Experience
The Sologenic DEX provides a limitless trading experience, allowing you to trade quickly and affordably from anywhere in the world, 24/7. With swift transactions, quick settlements, and trading fees as low as $0.000005 the DEX you can trade anywhere, any time with no delays.
Trade in Real-Time
The DEX executes trades within seconds and accelerates the transactions processes at 1500+ trades per second. The Sologenic DEX trading platform offers live updates allowing you to have the same experience as trading on modern and fast centralized exchanges.
Self-Custody of Digital Assets
You can safely and securely manage your assets by connecting your preferred wallets. The DEX mitigates the risk of third parties involved and ensures all transactions are peer-to-peer and are not exposed.
The DEX supports the following Mobile & Hardware wallets:
Advanced Trading Feature Integration
You have access to all issued pairs and tokens, allowing you to trade XRP and all other tokenized assets on the DEX. Advanced trading features include but are not limited to Market orders, Limit orders with advanced options such as time in-force policies.
Fully Customizable Trading Terminal
Our dynamic and fully customizable trading terminal is built to align with your personal inclinations to ensure a seamless trading experience.
Key Features Include:
Personalized widget appearances
Professional charting tools With candles as Low as 1 Minute
Light and dark colour themes
A multilingual interface offered in English, Spanish, Japanese and Russian with more languages to be added.
Ready to Start Trading?
An upcoming update in April 2021 will introduce the DEX into the new SOLO Wallet IOS and Android platforms.
In honour of International Women’s Day 2021, Sologenic is highlighting some of the powerful women paving the way in the cryptocurrency and blockchain space. The cryptocurrency industry is not excused from the gender imbalances that infiltrate traditional financial services. According to data released by Etoro, only 15% of bitcoin traders identify as women but why are there so few women traders? Is that because they are scared of taking the risk and trading seems to be only reserved just for men? With Bitcoin continuing to gain momentum in 2021, reaching new all-time-highs upwards of $60,000, there is no better time than now for all women to start trading.
Bitcoin — No Longer A Boys Club
While a large number of the early adopters of cryptocurrency were males, there is a strong and mighty force of females quickly adapting to the new technological landscape and investing in the new economy. BTC News report from late 2020 indicated that there has been a 43% rise in the number of women in the cryptocurrency industry. This goes beyond traders to include women holding influential positions in exchanges, organizations and more. It appears the new technology could be breaking down the barriers of entry that women faced in the traditional financial sectors.
Is crypto finally giving women and disenfranchised individuals a chance? The answer is not simply black or white, however, one thing remains clear; blockchain technology has the potential to help disadvantaged people through the decentralized network and transparency of the interactions. It can empower individuals, specifically women, to participate in the creation of this new technology without the threat of third-party intermediaries.
Here are the top 10 influential women in crypto in 2021
Noelle Acheson, Director of Research at CoinDesk
With over 10 years of experience working in the financials sector, Noelle is well versed in corporate finance, fund management, and cryptocurrency. Since 2013, she has dedicated her efforts to writing and speaking about the potential impact of Blockchain technology and crypto.
2. Catherine Coley, CEO of Binance.US
As the CEO of Binance.US, Catherine leads the United States divisions of the largest global cryptocurrency Exchange. She started her career as a Foreign Exchange Analyst in Hong Kong and later in London at Morgan Stanley. Coley also held the position as Head of XRP Institutional Liquidity on the XRP Markets Team at Ripple. Coley has experienced the gender disparity in finance for her entire career leading her to co-found WAM: Women and Money. Women and Money was created as a non-profit to help women build their resiliency and skills related to money and to take control of their finances and reshape their financial future
3. Catherine Wood, CEO and CIO of Arc Investment Management
Catherine has over 40 years of experience in identifying and investing in innovation. She founded ARC to focus on disruptive innovation while also adding new dimensions to research. In 2018, Catherine launched Duddy Innovation Institute to offer learning opportunities to women eager to step outside the confines of traditional learning and influence a new way of learning. The Institute’s flagship course is Disruptive Innovation.
4. Linda Lacewell, Superintendent of the NYDFS
As the superintendent of the New York Department of Financial Services, Linda oversees the regulation of fintech entities including cryptocurrency exchanges. Linda is known for her efforts to advance the cryptocurrency and blockchain sector in the United States. Unlike the superintendents that came before her, Lacewell is prepared to work along the grain of crypto, rather than against it.
5. Amiti Uttarwar, Bitcoin Core Contributor
Amiti is the very first confirmed female Bitcoin developer determined to diversify the Bitcoin community. When Amiti began working as the first female Bitcoin developer in 2018, she quickly realized the gender and race imbalance in the space. Amiti has become internationally recognised not only for her technical ability but her dedication to building a better, more inclusive future for bitcoin.
6. Elizabeth Kukka, Executive Director of Ethereum Classic Labs
As the executive director of Ethereum Classic Labs, a Member of the Board of Advisors at Matrix Exchange and Principate at Digital Finance Group, Liz brings a vast array of financial knowledge to the table. At ECL Labs, Liz oversees the accelerator program for blockchain and cryptocurrency startups. She is passionate about addressing the issue of financial inclusion and believes blockchain technology can be used to solve this issue.
7. Christine Lomazzo, Blockchain Lead UNICEF
Christine is UNICEF’s Blockchain Lead, overseeing blockchain and cryptocurrency initiatives. Her team supports projects such as the UNICEF CryptoFund. She is also a public speaker and recently has been addressing the hype and hope of blockchain and the use of cryptocurrency for social good. Prior to joining UNICEF, Christina worked at Deloitte where she supported various levels of government in Canada who were exploring blockchain.
8. Laura Shin, Host of UnChained
Laura is a long-time journalist best known for her coverage of the cryptocurrency and blockchain space. After working as a senior editor at Forbes, Chin decided to pivot her focus launching the podcasts Unchained and Unconfirmed. Both podcasts focus on providing education and information on crypto-related issues and trends. In addition to her podcasts, Shin will be releasing a book about the history of cryptocurrency and it’s establishment as a recognized asset class. Shin has dedicated her career to educating others on the potentials and downfalls of cryptocurrency.
9. Meltem Demirors, Chief Strategy Officer at CoinShares
As the CSO at CoinShares, Meltem serves as a trusted partner and advisor to investors and entrepreneurs navigating the digital asset ecosystem. Meltem is also a founding member and co-chair of the World Economic Forum Cryptocurrency Council. She has been internationally recognized for her personal contributions to the industry and serves as an advocate for individuals struggling to navigate the space. Demiror highlights blockchain-driven women in her medium account leader series.
10. Kathleen Breitman, CEO of Dynamic Ledger Solutions
Kathleen is the CEO of Dynamic Ledger Solutions as well as the co-founder of Tezos. With years of experience under her belt related to smart contracts and decentralized application with on-chain governance, she has proven to be a powerhouse in the fintech field. As an avid public speaker, Kathleen uses her platform to share the potential of blockchain with anyone curious and interested in getting involved.
Empowering Women to Trade!
It is inspiring the see strong, innovative women trail blaze their way into the crypto and blockchain space. In honour of international women’s day, and to reduce the barriers women face when getting involved in trading, CoinField is giving away 10 FREE SOLO for new sign-ups until March 10th, 2021. They have also waived the minimum deposit policy.
Have you ever wanted to buy shares in a company but realize you can’t even afford one share? That’s the unfortunate reality for a lot of people. Don’t worry though, that’s all about to change.
The Sologenic platform offers a revolutionary trading experience. Users can tokenize 40,000+ stocks, ETFs, and commodities from 30 global stock exchanges. Anybody can buy fractions of stock, tokenize real-world assets, and trade them with other people, 24/7. There are no middlemen, no brokerage fees, no wait times. Built on one of the fastest blockchain networks, Sologenic users can tokenize assets almost instantly, on a transparent, public ledger.
What is Tokenization?
Sologenic generates stablecoins backed 1:1 with real-world assets. Each stablecoin represents the ownership of real-world assets. Once tokenized, the asset issued on the blockchain is denominated with the suffix Ƨ, for example, a tokenized asset of Tesla stock (TSLA) is represented as TSLAƨ.
To tokenize something means to represent it digitally via a token. Anything in the world, tangible or intangible, can be tokenized. For example, a house can be tokenized. Say there is a person who wants to own some real estate but cannot afford a whole house. They could instead purchase part of a place, e.g., the living room or the driveway. Each part of the house would be worth something individually and represented digitally on the blockchain. The tokenized version would mean the real thing and be backed 1:1.
Another example would be a group of people who would like to put their money together to buy an art piece. Each person can contribute an amount, and their contributions will be represented digitally, as tokenized assets, on the blockchain.
Why should we tokenize assets? First, blockchain technology is transparent, which means that each transaction appears on a public, decentralized ledger where it cannot be tampered with by someone. There are three other main benefits of tokenization more practical and beneficial than traditional trading.
Pool Orders are a unique trading feature of Sologenic. Pool Orders allow users to buy or sell fractions of shares. For example, Amazon is currently worth more than $3000 per share. If a user only has $100 to invest, they can use a Pool Order. Investing $100 would buy approximately 3% of a share of Amazon, or in other words, 0.03 Tokenized Amazon stock.
On the Sologenic Platform, a pie chart will show how many other users have contributed to the pool. Once there are enough contributions from users to purchase one share, the platform will execute the order, and the tokenized Amazon shares will be available in the user’s Sologenic account.
Pool Orders open up the doors to investing for anybody currently priced out of the market.
2. SOLO Cards
Sologenic users can spend their tokenized assets via SOLO Cards online and in-stores, wherever traditional credit cards are accepted. SOLO Cards come with varying benefits, such as monthly cashback. One of SOLO Cards’ significant advantages is that users can immediately spend their profits. With traditional brokerages, users would have to sell their assets and then transfer their money into their bank account, taking days to settle and involve large fees. With SOLO Cards, users can spend their money right away, without going through so many hoops to access their cash. SOLO Cards users can select which crypto or tokenized assets they’d like to spend, all in a few clicks.
3. 24/7 Trading
Using Sologenic’s Decentralized Exchange (DEX), users can trade tokenized assets for cryptocurrencies such as SOLO and XRP. The DEX is available for users to trade 24/7, even when traditional markets are closed. Unlike some other tokenizing platforms, Sologenic users will hold their wallets’ private keys, providing them complete ownership and authority over their assets. Users can safely store their tokenized assets in the decentralized SOLO Wallet app if they wish.
Who Can Use Sologenic?
Sologenic aims to make the stock market accessible to everyone through the tokenization of assets. There are billions of people in the world who cannot access global assets, such as low-income families, people whose finances are restricted, people who do not have access to learning tools about the stock market, and people who live in risky countries with geopolitical uncertainty. Another problem with the current financial market is that people must go through several hoops to trade on stock exchanges worldwide. For example, a person in Canada must go through multiple brokerages to invest in companies listed in China or Japan.
Seasoned investors and new traders can use Sologenic to tokenize assets. There could be several reasons why an investor would like to tokenize assets, such as:
Dividend income stream
Hedging against other investments
Sologenic offers investors the opportunity to diversify their portfolios, as well as trade with other users all over the world with the decentralized exchange. Traditional brokerages do not provide users the ability to trade with others. Sologenic is therefore breaking down barriers and revolutionizing how we invest. Soon, Tesla stock won’t be out of reach for anybody.
Download the Sologenic App today to start trading!
Timothy Burke and Stan Larimer are the Co-founders of SovereignSky. Tim and Stan will appear as guests on episode 7 of SOLO TV.
The First Space-Based Blockchain
SovereignSky is a company that has launched a satellite into space aboard SpaceX in partnership with SpaceQuest. It aims to add more satellites within the next 3–5 years to cover Africa, India, and South America.
SoverignSky distributes modems and smartphones preinstalled with an app called RUON, which connects to the satellites.
Anybody in the world can download the RUON app and scroll through profiles of orphanages, wildlife parks, and other communities in need. People can choose to donate to whoever they wish through the app and connect with donors through videos, images, and chats.
The donors receive the donated funds in the RUON cryptocurrency digital wallet, which can be spent instantly.
Subscribe to SOLO TV
SovereignSky aims to end world poverty by 2032! We’re excited to interview Tim and Stan on SOLO TV and find out more about the project.
At Sologenic, we’re thrilled to have hosted DeFi x SOLO, the virtual event of the year! The event brought together key industry leaders to discuss all aspects of DeFi and blockchain technology.
We have uploaded the full event to SOLO TV, so if you missed it or would like to watch it again, you can!
Full Demo of the Tokenization Asset Simulator
At DeFi x SOLO, Sologenic launched the Tokenization Asset Simulator. Users can practice tokenizing stock from Nasdaq and NYSE and get a feel for the platform before launching the live version, which is coming soon. Sologenic is opening up the financial markets to everyone. Soon, users will be able to tokenize 40k+ assets, including stocks, ETFs, and commodities, from 30 global stock exchanges.
One of the most exciting parts about Sologenic is the introduction of Pool Orders. By contributing to a pool, you can buy fractions of stock. For example, if you want to buy just $1 worth of TSLA stock, you can! Fractional trading opens up the barriers to traditional financial markets and makes them accessible for everyone.
Learn more about how asset tokenization works in our demo.
Bob Ras Keynote
Sologenic’s Co-creator Bob Ras opened the DeFi x SOLO event with his keynote. Bob talked about asset tokenization, his thoughts on Sologenic, and he made an exciting announcement!
SOLONEX is a tokenization brokerage solution for financial institutions. Banks, brokerages, exchanges, and investment firms can offer their clients new and improved services using blockchain technology.
To hear more about SOLONEX, visit our website, or watch Bob Ras’s keynote below.
Reza Bashash Keynote
Sologenic’s Tokenization Asset Simulator is built on the XRP Ledger. Learn why we chose the XRPL over Ethereum, how the technology works, and much more in Reza Bashash’s keynote.
DeFi is a hot topic. To discuss it further, DeFi x SOLO hosted a panel discussion moderated by Charles Bovaird. Charles is a Senior Contributor for Forbes and is the Vice President of Content for Quantum Economics.
On the panel was Hans Koning, Chair of DigiByte Foundation, Carolyn Reckhow, Head of Business at Keep Network, Santiago Roel, Partner at ParaFi Capital, and Piers Ridyard, CEO of Radix.
The panel discussed DeFi through the lens of investors, examining both opportunities and pitfalls in the space.
Sign Up to Use the Simulator
You can sign up to use the Tokenization Asset Simulator right now!
Use your existing CoinField credentials to log in or create a new Sologenic account. Test accounts for the Simulator are available to everyone, including those in Canada and the USA. Sign up here.
Follow Sologenic on Twitter, and visit our website for more information.
DeFi x SOLO, the DeFi Virtual Event of the Year, will bring crypto and blockchain industry leaders together to talk about DeFi.
We’re excited to announce the first keynote speakers for the free event on November 18, 2020. Please find out more about them below!
Vansa Chatikivanij, CEO OMG Network
Vansa is responsible for growing the OMG team to 40+ employees and managing the direction of key leadership and business strategy of the company.
Prior to OMG Network, Vansa led dynamic teams of engineers, economists and social scientists in a range of projects. She is the co-founder and board member of Sky Visual Imaging Venture, and stands as an adviser for a number of blockchain projects.
Vansa will speak about OMG Network’s DeFi plans and how they plan to ride the DeFi wave longterm.
Dr. Ben Goertzel, CEO SingularityNET
Dr. Ben Goertzel is the CEO of the decentralized AI network SingularityNET, a blockchain-based AI platform company. Dr. Goertzel also serves as Chairman of the Artificial General Intelligence Society, the OpenCog Foundation, the Decentralized AI Alliance, and the futurist nonprofit Humanity+.
Dr. Goertzel is one of the world’s foremost experts in Artificial General Intelligence, a subfield of AI oriented toward creating thinking machines with general cognitive capability at the human level and beyond. He has decades of expertise applying AI to practical problems in natural language processing and data mining to robotics, video gaming, national security, and bioinformatics.
For Ben’s keynote speech, he will talk about how AI will revolutionize decentralized finance.
Michael Stephens, Partner at Fasken
Michael Stephens is a leading information technology law Partner at Fasken with a focus on FinTech. As an experienced M&A and securities lawyer, Michael counsels emerging growth companies from their foundation to IPO or an exit event. Michael also advises founders, executives, and company boards on corporate issues, business strategy, fundraising, board governance, and strategic transactions.
Bob Ras, Sologenic Co-creator
Bob has established several ventures within the manufacturing, tech, and marketing industries. His manufacturing businesses have over a hundred distribution outlets in 62 countries worldwide. In 2018, Bob switched his focus to Cryptocurrency & Blockchain technology with one goal in mind: To create a new financial ecosystem for the modern era.
Bob Ras will give the first keynote speech providing opening remarks on Sologenic.
Reza Bashash, Sologenic Co-creator
Reza is an experienced engineer with a demonstrated history of working in Artificial Intelligence and Fintech sectors over the past ten years. Reza has founded several successful tech companies throughout his career and has proven to be a reliable entrepreneur with a proven track record.
Reza has built his reputation amongst the Blockchain and crypto-currency communities with his in-depth Blockchain knowledge and is an influential Blockchain advocate.
At DeFi x SOLO, Reza will be speaking about asset tokenization on the XRP Ledger.
Tickets to DeFi x SOLO are completely free! There are limited spaces available, so register now!
Dr. Ben Goertzel is an Artificial Intelligence (AI) researcher and the CEO of SingularityNET. He is also Chairman of the OpenCog Foundation, Chairman of Artificial Intelligence Society, and Chief Scientist at Mozi Health. He has been involved in several other science and technology ventures throughout his career.
Ben will be appearing as a guest in our SOLO TV Halloween special, to be released on October 30th.
SingularityNET is a decentralized AI network that allows anybody to create, share, and monetize AI services at scale. The platform takes advantage of the decentralized nature of blockchain technology, meaning there is no ownership or restrictions.
The AI Marketplace opens the doors to the advancement of AI technologies through a collaborative, community-driven approach. SingularityNET enables anybody to access AI like never before.
Dr. Ben Goertzel was also the chief scientist at Hanson Robotics, whose mission is to create intelligent, empathetic robots that can learn, teach, entertain, and help people in everyday life.
We are excited to learn more from Dr. Ben Goertzel about the work he does at SingularityNET and get his thoughts on the future of AI, blockchain technology and cryptocurrency.
In our interview, Dr. Ben Goertzel talks about his favourite blockchain projects, SingularityNET partnerships, and he discusses the benefits of AI when it comes to healthcare.
Subscribe to SOLO TV now, so you don’t miss the interview!