/biz/ - Business & Finance

>>57557640
>Is there a need to tokenise this?
yes

>Custodian. Who would be holding these assets?

>>57557640
>Tax avoidance?
no because all these Real world Assets will be tokenized on customized Subnets/private chains which only let you buy and sell if you went through KYC.

>>57557640
>Can we have a serious discussion about real world assets?
Got to back to r*ddit if you want "serious discussion" stupid faggot

>>57557703
>>57557711
>>57557733

thanks for all the great info anon. appreciate it. you have any projects you're eyeing up in particular?

>>57557744
couldn't find much discussion on it and all my TGs are shitcoin central.

>>57557772
>you have any projects you're eyeing up in particular?
Avalanche and Chainlink are the most obvious ones.
Avalanche because it allows to create custom Blockchains with a few clicks and Chainlink because every onchain asset needs data from outside.
only downside here is that Link and Avax are already somewhat large in marketcap but its actually more of a matter of perspective.
If things play out as predicted by the largest Asset managers in the world than these still have a lot of room to run.

>>57557801
LINK makes sense. Avalanche....is there a need for multiple different blockchains for tokenised assets instead of one player running the marketplace on the same blockchain?

Also, mind sharing where you're getting these infographics from. Wanna read up more on them please.

>>57557711
>Custodian. Who would be holding these assets?
Gold would be stored in bank vaults, I assume, or other suitable secure storage.
Fine art, likely a museum.
Non-physical real world assets (such as rights to intellectual property, music, copyrights, etc.) don't really need a custodian, since the asset is really just information.

>>57557878
and if we were to expand to things like watches, jewellery, clothes, collectible cards. Have to hand them in too?

inb4 huge metaverse takeover. im smelling it.

Stobox are one of the pioneers in this space and only like 10m mcap right now

>>57557640
do you own any real world assets anon? would you put your property on the blockchain? nobodies doing this because its stupid. fractional ownership? so what happens when your wallet is drained? what happens when the condo you own 1% of needs a new roof? what happens when squatters shit up the house you own a fraction of in cuckfornia? its a retarded idea

>>57557858
>on the same blockchain
a single chain cant handle every business logic in the world, that much is already evident since around 2017 when crypto kittie shit happened.
However Subnets can do this because everyone can run their own custom VM with their own custom rules and all the traffic is isolated from each other (JPM might not want monkey NFTs clogging up their Asset managing and multi billion dollar deals) but connected through CCIP and Avalanche Warp Messaging.

>mind sharing where you're getting these infographics from.
from the Boston Consulting Group
and these
>>57557703
>>57557711
are from here https://www.theblock.co/post/241500/tokenization-of-off-chain-assets-presented-by-avalanche-and-ava-labs

>>57557962
damn. for properties. yeah that's sounding rough....I guess the initial owner would be fronting all the cost while not retaining all the value.

Anyone else got a good reply to this?

Scrapping property though, it still makes sense for things like oil, gas, wheat etc no?

>>57557998
thanks again bro.

>>57557962
I think it's more a way to collateralize an asset so its value can be used for asset-backed loans.
Terms of the transfer of ownership (if the loan is defaulted) can be written into a smartcontract for the loan itself.
It's not necessarily a new type of finance - this already exists today - but it potentially simplifies some of the administration and reduces costs for those institutions who are already in this business.

>>57558067
so basically the future looks something like this:
>setup your own customized Blockchain VM in a matter of seconds no matter what kinda business you run (see the webm)
>no need to make huge investments upfront instead pay as you go
>nocode deployments so you dont need to hire Blockchain engineers
>as soon as your Subnet is set up its pretty much connected to any Chainlink Oracle
>tokenize your assets without having to deal with the underlying tech shit

To run these Subnets the AVAX token has to be staked and AVAX is hardcapped and deflationary. So if this happens >>57557801 as projected then price will go up and same goes for Chainlink as literally any Asset needs that offchain Data.

>>57558067
The commodity marketplace is not open for disruption. There’s a fuck ton of legal red tape that exists specifically to keep us gentiles from overthrowing the king

>>57557711
>>57557733
You should research Everest ID and it's CRDT token.

>>57558472
You guys really think the Jews are gonna pump our bags? The shitcoin you bought on a scam exchange is the one black rock has been waiting for? RWA tokens are the most retarded meme

>>57558512
What the fuck are you talking about? RWAs are going to happen and they are going to have legal requirements.

>>57558528
Not on fucking avax you retard.
>legal requirements
Oh really? You mean like mutable contracts? A concept that is fundamentally incompatible with your shitcoin?

>>57558579
>Not on fucking avax
they already happen on Avalanche tho. read the thread.
>fundamentally incompatible
Subnets are fully customizable and can be as permissioned or permissionless as they want.

>>57558528
Let me ask you something… what happens in the event of an asset holders death? Does the property no longer exist? What about the debts owned? Who is awarded the estate and by whom? How?

>>57558579
>>57558620
You are unreasonably upset and not worth my time.
Enjoy watching the next few years unfold.

>>57558620
as if any of this is an obstacle for smart contracts.

>>57558618
The technology exists, but nobody is using it. It’s the same story since 2017 anon… you have any idea how many RWA platforms are in the crypto graveyard? Did you buy smart lands too? Rlx? RWA tokens are a fintech bro dropout scam every time.

>>57558646
>The technology exists, but nobody is using it
Subnets are a recent invention and nobody bothered with RWAs because the Tech wasnt ready.
>since 2017
Chainlink oracles didnt exist in 2017.

>>57558641
So the bank has ownership right to the contract. Interesting. Why are they using blockchain again then?

>>57558669
>So the bank has ownership
depends what kinda asset we are talking about.
>Why are they using blockchain again then?
read the thread.
here I can even link the post where you should start >>57557703

>>57558668
Kek. You probably bought kleros too, didn’t you?

>>57558677
None of that requires anyone pumping your bags. Centralized servers can accept USDC and achieve everything that infographic wants in an uncompromised way

>>57558678
>You probably bought kleros too
nope, only Chainlink and Avalanche because they are the top IC3 projects and IC3 is funded by the NSF, TradFi and the US Gov.
these 2 projects were already picked as the winners a long time ago.

>>57558700
>Centralized servers
they dont want centralized servers.
see >>57557998
>accept USDC
RWAs are far more complex than accepting USDC.

>>57558723
And they aren’t legally able to be sold without strict AMA/KYC requirements. There will never be a decentralized marketplace for commodities trading. You are going to learn a lesson this cycle anon.

>>57558779
RWA tokens want to remove a middleman that is legally required… a middleman that already owns the entire landscape and is financially incentivized to keep it that way. This isn’t a disruptable market anon.

>>57558779
>And they aren’t legally able to be sold without strict AMA/KYC requirements
again, Subnets can do this. thats what makes them so popular among TradFi.
also nobody claimed that KYC/AML is going away.
Like yes JPM will tokenize a lot of their shit but no, some pleb like you wont be able to trade on their Platform or be able to access it. its not gonna be a public Blockchain but a permissioned Subnet.
however that doesnt mean that this applies to every tokenized asset, some will be traded on secondary markets or public chains.

>>57558809
>RWA tokens want to remove a middleman
tokenized assets remove a lot of backoffice shit, basically you can fire a shitton of wagecucks and increase your profits by up to 70% (issuing bonds for example).
They arent gonna remove the Banks or whatever.

>>57558779
>>57558809
You can't see it.
Sad.

>>57558528
So basically the same system we have now. This whole rwa thing is such a crock of shit.

>>57558620
Exactly. You have to realize youre talking to mostly 20 somethings w zero business experience here

>>57557640
Trojan horse for KYC

>>57558632
These kinds of tryhard cryptic warning havent worked for years now. You are not in on some “secret”. In reality you’re just hoping someone buys into your pyramid scheme of buzzwords

>>57559083
lmao what is this sounds like something my grandmother would watch on tv during commercial breaks to be safe from
>cybercriminals
and you can put it where my massive cock is

>>57558841
Humor me, what roles do you think are going to be replaced

People in the 80s thought computers would mean everyone would work less in the future because everything would be “automated” lmao. So naive

>>57557640
>need to tokenise
Fantastic stuff OP. RWA/Tokenization is my favorite crypto narrative. I believe it is inevitable.

I hold 3 RWA coins;
Avax
LCX
Ondo

Avax has been discussed here.

LCX is most interesting due to the fact they already have a complete, regulated tokenization framework in place. They been tokenizing diamonds, movies, bonds, now getting into real estate. Fucking fascinating.

Ondo I like as a "compliant" tokenization platform for the US; they will tokenize stocks and bonds and are allegedly tokenizing a BlackRock bond. Ondo is a big VC coin, whereas LCX was a smaller regional coin.

This is important, thanks for starting the conversation.

a few others...

Gonna keep buying Link. Not buying turkish shitcoin. Keep trying to lump the two together roaches.

>>57559108
>what roles do you think are going to be replaced
everything is up for grabs. Its just a process of converting physical assets into their digital counterparts...see the entire history if the Internet for examples.


Real Estate: Notaries, realtors, excessive banking fees and services

Commercial transactions; commission to guarantors: banks, payment systems, gateways

In General: registrars, brokers, securities custodians, clearing firms, transfer agents, etc etc

>>57559595
Having bought and sold a few properties, notaries are a pain in the ass to work with and charge a lot, but its going to take a longtime before all the paperwork and contracts you do with them gets adapted to smartcontracts.

>>57559637
Agreed. Maybe the fractional ownership of properties via tokenization will come first before any smart contracts.

>>57559650
I believe the tokenisation narrative overal’ but it stills feels a bit too soon for real adoption… Atleast for physical rwa. Tradfi assets like stocks and bonds shouldnt be a problem, and i could see it mix with defi a bit more in the coming years.

For me, it's STBU. regulatory compliant, first mover advantage.

>>57559910
>Tradfi assets like stocks and bonds shouldnt be a problem
Isn't this where the real money is? This is why I am so interested in Ondo. Whoever does this will be printing money for a while.

Chainlink made a blogspot which called my attention in particular: https://blog.chain.link/real-world-assets-rwas-explained/
In this article, it links to another article about tokenized real estate, also from Chainlink. And there, there is this Dapp which already has some tokenized real estate we can buy: https://blocksquare.io/
I think it is pretty interesting. I do invest a lot into an equivalent of REITs in my country. Tokenizing them would mean that I can get revenue from assets that are not in my country, which interests me a lot.
I've been attempting to create a similar application for the past year, but I think if I don't get traction I will be left behind.

Do you anons know any more dapps that already have working implementations of real estate? What would you like in one? What types of tokenized assets would you guys buy? How can someone trust it enough to buy?

>>57560030
Also, there are some local assets in my city that people are willing to make some kind of REITs out of them. I wonder if I can pull it off.

Dude RWA's, just like "crypto gaming", is in the end just another hype narrative that'll drive price action in the bullrun. Hardly any banks will actually use something like RIO, Stobox, etc. Again, it's all hype, mainly driven by Twitter honestly.

>>57560041
larry fink is bullish on RWAs and so am I.

Wanna know what happened the last time Larry Fink was bullish on something? Check the price of bitcoin since last year.

>>57560129
lol what's the deal with all these people talking about crypto all the time you guys are all just a bunch of morons who can believe anything you read on the internet larry fink is a clown he's just promoting rwas because it benefits him the last time he was bullish on something the price of bitcoin tanked you should stay away from this garbage and invest in real assets with real value

>>57560161
isnt that the point of RWAs? To make REAL assets accessible to people around the world? Poor people from Africa can now buy things like gold as a hedge against inflation in their own country. Young kids in tune with trends can invest in sneakers, clothing, cards.

I'm not denying there is a HUGE logistics problem as people have mentioned above. But I think the potential is there.

>>57560041
>just another hype narrative
Yes its hype (how you make money), but shit is also getting real:

Ondo:
The first tokenized security with material adoption (tokenized wrapper of Blackrock short-term US Treasuries ETF)
The first transferrable, rebasing token given money market exposure (tokenized wrapper of a Blackrock money market fund)
The first tokenized bearer note
The first protocol supporting tokenized securities collateral (Flux Finance)

LCX:
EURt7 Tokenized Bond
Tokenized Diamond Marketplace (https://tiamonds.com/)) see pic, going on now
Tokenized fucking Euro
Is a physical validator, first in world with legal clarity to tokenize assets (they verify the authenticity of the underlying assets and hold the real-world assets physically)

I’m not saying any of this is be how things are done in the future. I’m just saying the train has left the station.

>>57560161
>you should stay away from this garbage and invest in real assets with real value
I mean... that is the whole point of RWAs...

How different is it from buying REITs on some broker? Theoretically, a smart contract that can be proven to be backed by a real world asset should be equal any other asset you buy from a broker.

>>57560161
>invest in real assets with real value
Yes like the tokenized Diamonds from LCX. This shit is literally the beginning.

unrelated but does anyone here remember the name of this absolute shitcoin back from 2017/2018. It had like a purple palm beach as a logo and was something about using crypto to pay for holidays/hotels?

>>57560228
i cannot stress enough how dumb you are you are throwing money away and buying into a scam that relies on people like you for exit liquidity you have no idea what you are doing the reason you lost money on your rwa coins is because you are too dumb to understand crypto let me put it in simple terms that you can understand go to a casino and put all your money on the roulette wheel at least this way you are not being scammed by some pump and dump garbage at least this way you have a chance of making money

>>57560257
>reason you lost money on your rwa coins
I am making a fortune on AVAX and LCX. But thanks for your concern.

>>57560284
How high can LCX go?
I've read about it now, looks pretty good so far.
I'm looking for a opportunity to buy in, but last time it hit 40 cents in the all time high. It's pretty close already.

>>57560284
That is a spambot you replied to

>>57560318
Dude I don't know. I just think their licenses to 1) tokenize shit, and 2) have a regulated exchange are worth way more than their $200 million market cap. I'm trying to figure out Ondo now too, but its so new, with too much overly polished corporate-speak.

>>57557640
>MFW i see biz is finally engaging in real usecase projects like AGRS and Real World Assets and the linkies can't do anything about it because sir homosexuality has been absent and the price is going downwards

>>57560340
Tokenize that shit too, sell it to marketers

>>57560360
LINK is pretty key for this though. Gotta get accurate prices onto blockchain.

>>57559535
Better snapshot of RWA coins

>>57560463
Damn, I want to archive this thread. What is the best way?

>>57560543
I just maximize all pics and print to PDF

>>57560360
>>57560402
Its all coming together altcoinbros

>>57560724
soon

Dusk is the only one you morons should be holding.

https://dusk.network/news/understanding-real-world-assets-part-1/

>>57561146
Can you tell us why without calling us morons?
Please explain, I may buy this shit at $140 million MC.

>>57557640
In Stobox you are still early and it's the best 100x candidate there is
Ticker: STBU
RWA premium market leader and first-mover advantage.
Mcap 6MM USD.
This hidden gem was first found by /biz/ a few months ago. All you need to know about the project is found in this thread:
>>/biz/thread/56861162
and here;
https://twitter.com/Katarzy22921741

If hurry up, you will get a great 50% discount as some in community got angry that we didn't get centralized top 1 tier exchange in January, but must wait longer as the team is working on it, and they dumped their bags. You can't get a better bargain than this.

>>57557640
>-Custodian. Who would be holding these assets? Would an external company hold them? Who would be in charge?
In the future it would most likely be something like this; let's say you really like this painting of William Holman Hunt, O.M., R.W.S. (1827-1910)
>Isabella and the Pot of Basil
>Estimate GBP 5,000,000 – GBP 8,000,000

and you believe it will go up price in the future. Luckily for you, Christie's have tokenized all their paintings for sale, meaning, if you want to buy the painting, take it home and be the sole owner, you buy all the tokens. If not, you just buy some part of it, i.e. tokens. Christie's will then be the custodian and most likely open a gallery of tokenized paintings, open to the public and generating income given to token holders.

Christie's will have their paintings tokenized by, say, Stobox - the premium market leader with first-mover advantage. They will provide all the necessary legal forms, documentation, complience etc and set up a tokenization platform for them. Christie's will then be part of the Stobox ecosystem where STBU will be the native token.

>>57562062
Something like this, but for paintings.

>>57562062
Pic will be the future.

Listen up retards. Fuck your chainlink, fuck your AVAX. Too high market cap with way smaller gains. Also fuck your microcap ukranian scams like STBU. Let's talk serious midcaps all under 50m MC that have a serious shot to ride the RWA narrative to multiple billions this run.

Research and buy RIO, IXS, and Polytrade. Thank me later.

>>57562067
But paintings are not a security, like real estate or most financial asserts, so no need for KYC. Tokens will be traded freely in the open market with owners ID not known.

Pic, STO is by fare more cost-effective, fast, and with lower barriers to entry, than conventional IPO.

>>57562098
>scams like STBU
The fucked up trannies from the JP Morgan KDA pump and dump group are here again. Listen moron, give me your best arguments why you utter fool believe that Stobox is a scam. Make me laugh, you moronic scammer.

Pic is Stobox CEO Gene, talking about tokenization years before anyone else.

>>57562098
Here's a good starting off point for Polytrade
https://twitter.com/Polytrade_fin/status/1704123843181424972

Actual partnership with mastercard, unlike most larp smaller projects

>>57562108
You are a desperate shill trying to pump a microcap scam. Which real partners do they have. Or dot hey just have a website. Actually relevant partnerships to the level of >>57562110 I'll wait. Imagine risking getting rugged when something partnered to MC is only at 30m MC. Basic R/R

>>57559083
what horse?

>>57562098
Don't just run away. Give me your best argument(s) why STBU is a scam. Make me laugh. Use documented facts and logic only.

>>57562110
>>57562114
Polytrade together with the rest are years behind Stobox. Just being part of the banking sector is not enough, at all. First now BlackRock is talking about tokenization, years behind STBU, and they are primarily talking about financial assets, the easiest asset class to tokenize.
https://youtu.be/HTveRlW7QPo?si=_bWCYXAS55kj9P7j&t=160

STBU has working products, virtually every asset class, $350MM tokenized in both Europe and the U.S.
https://www.stobox.io/

Stobox tokenized Landshare.
https://www.coingecko.com/en/coins/landshare

CEO Gene is by far one of the most redpilled CEO's in crypto space and that makes the globohomos rage. The last thing we want is the tokenization sector being taken over by dinosaur financial sector, forcing every tokenization project to be lead by lesbian black woman, hiring HIV infested trannies as waitresses, and your own tokenization asset account frozen or closed down, if you tweet something they don't like. Go back to JP Morgan infested Kadena and your globohomo tranny ambassador program, ugly clown. You will never be a woman.

>>57562139
Man wants to talk about facts then brings up trannies. I'll give you what you deserve.

You littered this thread with fucking website screenshots, posted the larry fink video everyone's mom has seen, and shared a coingecko link. KYS shill. Anyone with a brain reading this thread will be buying TRADE over another zelensky paypig project. Putin will bomb you soon.

$TUCKER is more of a real RWA coin than $STBU. LMAO!

>>57562110
>>57562114
Document ONE project tokenized by Polytrade, open to the public. Compare that to premium market leader Stobox with first mover advantage and a market cap of only 6MM USD.

Here is another client of them. Very interesting project. Stobox has working products and are legally compliant, unlike most of the RWA projects selling nothing but dreams and illegal scams.
https://www.youtube.com/watch?v=DgHoKVRCu74

>>57562161
>>57562165
You are rambling like a hysterical sub 80 IQ moron. Who hired an ignorant newfag like you? Again:

Don't just run away tranny faggot. Give me your best argument(s) why STBU is a scam. Make me laugh. Use documented facts and logic only.

>>57557640
injective protocol was meant to do this but they gave up for whatever reason

>>57562169
Shill just posted an indian youtube video shot in 360p. LOL. Yeah very legit. I showed a real partnership with a big shot and thus far you've shown nothing except ramble about how le redpilled the ceo is. Want to suck his cock? Faggot.

>>57562161
>a coingecko link
Here you go, dickless tranny faggot.

>>57562183
>Want to suck his cock?

>>57557640

full report here

https://rsch.baml.com/access?q=s-i517792VNkDKydHLEioQ

>-Is there a need to tokenise this?

tokenization of assets allow for more liquidity and more investment avenues. Blockchains allow for 24 hour trading. It's a massive opportunity of a lifetime.

>-Custodian. Who would be holding these assets? Would an external company hold them? Who would be in charge?

Banks are never going to die

>-Authenticity. How to verify these are real and legimately what they say they are. Buying properties in Vietnam that say they are one thing only to be a shithole.

The current entities that already hold assets will need to upgrade their legacy infrastructure to connect to blockchain tech. Using Chainlink.

>>57562197
Wow amazing partnership. The said partner: buy our totally needed coin!! Stake for 12.75% APY with <5m TVL lock. Blows mastercard out of the water. Wouldn't want someone to freeze my bank account for tweeting.. AHAHAHAHAHAHAHA

LTO Network is going to be huge in the RWA space, my bag is fucking ready

>>57562183
>>57562219
Mcap 7MM USD, faggot.

$7 million in market cap for the premium market leader in tokenization (RWA) with a first mover advantage in a future $16+ trillion market. How can anyone beat that? STBU is the most obvious 100x in crypto space.

>Blows mastercard out of the water
Dinosaur finance tried the same thing with BTC. They also hired shills like you to attack BTC, yet they failed. Dinosaur finance are years behind STBU and will fail, just like with BTC.

>>57562232
Stop fucking scamming. "Look at the Scam x Scam partnerships! Low marketcap, infinite upside! 100X!" Have some fucking shame.

>>57562098
Leaving this here for actually intelligent anons on this board

>>57562241
>Leaving this here for actually intelligent anons on this board
Take your meds you utter scammer moron. AGAIN:

Don't just run away. Give me your best argument(s) why STBU is a scam. Make me laugh. Use documented facts and logic only.

>>57562241
You will never know how much fun we had on this board, before we got flooded with low-IQ NPC/Redditor/Discord Tranny trash like you.
https://www.youtube.com/watch?v=mYTiaO7A4NU

Why STBU dumped like 50%?

>>57562370
CEO Gene more or less said that we would get a tier one CEX in January, some Turkish whales tweeted this out as a fact and when we got a delay and no CEX in January they got really angry and dumped. Also, a lot of people took profit after a 12x bullrun in a month.

>>57559078
>So basically the same system we have now. This whole rwa thing is such a crock of shit.
No, for starters, tokenization will remove a ton of friction costs, just as BTC did with cross-border transactions. Then add code as law executions with no third-party risk etc, like ETH and smart contracts. Tokenization will be larger than BTC and ETH and have a larger real world impact. Soon you can invest anywhere in the world and pretty much any asset class there is. Gone is the predatory dinosaur financial system, limiting and sucking hundreds of billions of dollars, if not trillions if you also count indirect/opportunity/corruption costs etc, out of retail investors globally, every single year.

>>57562391
So is the dump over? This coin is still up by alot from where it was a few months ago. Can this go down another 50%?

>>57562498
>So is the dump over?
Yes.
>Can this go down another 50%?
Only if we have a giant black swan event, crashing BTC, ETH et al. Highly unlikely, but not impossible.

>>57557640
I've seen a lot of rwa hype since 2017-2018 and nothing ever came of it

>>57562505
I’m saying are the devs/turkish whales/early investors or whatever the fuck else has stopped dumping?

>>57562527
Yes. I am not 100% familiar with the inner workings of the Turkish group, but I am pretty sure of it. You can ask them yourselves if you want to:
t(.)me(/)stoboxturkish

>>57562507
No, RWA and tokenization was never really a thing before
>and nothing ever came of it
Same false argument used against BTC. See eCash.

>>57562241
>partnerships
It's much more than just an ordinary partnership. Stobox provided the tokenization platform and legal framework for Landhshare, a great project
https://www.landshare.io/
https://www.coingecko.com/en/coins/landshare
https://www.youtube.com/watch?v=wLPdKWN8Tv4

and this is just the beginning. Landshare and other clients will be part of the Stobox ecosystem.

>>57562232
Based and cyptopilled. Fuck WEF and the rest of the totalitarian globohomos. Go Stobox!

>>57562232
>with a first mover advantage
Can you tell us more about this?

>>57559650
Fractional ownership of property is a legal nightmare. Laughable to think human element will be replaced there

>>57560030
You can already make this investment. There are no shitcoins needed.

>>57560129
Bitcoin was going up regardless of some banker. Is this your first cycle?

>>57560183
Invest in sneakers? Hahahaha what

>>57562079
This makes no sense

>>57562227
No, no it isnt
Reminder to everyone—you can certainly make money on these buzzword shitcoins but make sure you take profits when they pump. They absolutely will retrace 90%+ and probably never hit ath again.

>>57563650
>This makes no sense
Explain why.

>>57563499
A few years ago there were no legal framework for tokenization. Stobox's legal experts had to sit down with regulators and make rules and regulations that would make tokenization legally compliant. 55 000 man-hours were invested, most of it on legal framework. I am pretty sure that LCX does not have their legal framework in order. My guess is that if they refuse to give you your diamond, you can not just to to the local police station and demand to get the diamond, based on a NFT in a wallet on your computer. My guess is that the legal system does not automatically recognized legal ownership based on an NFT, but that it must be taken to court and the court will decide whether or not they had a private agreement where the NFT truly represented ownership of the diamond or not, or it was just a claim, not allocated, just a pledgee etc.

Stobox has a KYC system legally recognized in over 140 nations I think, where a person goes through a KYC process, get a non-fungible token, soul ID,
https://blog.stobox.io/tag/soulb-id/
where the goal is that person with Soul ID KYC will be able to buy securities all over the world on every platform operated by Stobox or any platform issued by Stobox, like Landshare. It will be like you log into your Google account and can use various Google related products and platforms. For commodities, with no KYC, you of course do not need to identify yourself, but you will be secured that the legal framework is in order, so the legal system in that country will recognize the ownership of a part of that asset, based on your token(s).

When I researched tokenization years ago, I only found Stobox and RealToken. Smartlands tried, but never fullfilled, RealToken chose a rather clunky method where each individual property had to have it's own blockchain and be listed on CMC etc.

>>57559108
>People in the 80s thought computers would mean everyone would work less in the future because everything would be “automated”
But that did happen. Not every job was replaced, but a large portion was.

>>57563499
Regarding first-mover advantage in general, from Investopedia:
A first mover is a company that gains a competitive advantage by being the first to bring a new product or service to the market. First movers typically establish strong brand recognition and customer loyalty.

Stobox is years ahead of their competitors.

>>57563499
Regarding first-mover advantage in general, from Investopedia:
A first mover is a company that gains a competitive advantage by being the first to bring a new product or service to the market. First movers typically establish strong brand recognition and customer loyalty.

Stobox is years ahead of its competitors, but largely unseen, as it is the legal framework working in the background.

>>57560235
Rlx was one that wasn’t supposed to be used for buying luxury properties overseas. It’s not the one you’re thinking of though. The ceo sold every single token in idex and etherdelta. Kek.

>>57562564
Yes it was. There’s been a ton of them. The closest anyone got do doing anything was some shitcoin that tokenized a damn parking spot in Seattle. Kek… anons bought fractional ownership of a god damn parking spot and then nothing ever came of it.

>>57564071
>Yes it was
OK, name the ten most famous tokenization projects pre-2018 then.

>>57563369
This.
https://www.youtube.com/watch?v=UrEUzKTt7j0

>>57564071
You sound like a newfag. Tell me what happened to our beloved Bizonacci.
https://www.youtube.com/watch?v=DMonlRsJ5hY

>>57557962
>so what happens when your wallet is drained?
Obviously theres some fat regulatory and UI framework to build up so that double digit iqs dont lose their shit. Also, if you owned a property you would know that title insurance is a thing so this isnt a new problem being caused by blockchain.

>>57558201
>The commodity marketplace is not open for disruption
I'm sure the producers that got fucked by the LME arent in agreement with this.
If any anons havent heard about this, the london metals exchange halted nickel trades and actually REVERSED trades made for nickel contracts because the price spiked and some chink billionaire was getting short squeezed.
https://news.metal.com/newscontent/101772905/shfe-nickel-market-reversed-again-and-few-spot-transaction-was-made
More blatant than the robinhood bullshit around GME

>>57563829
Thank you Anon for the Stobox breakdown. Greatly appreciated.

>>57564580
Thank you fren, good luck with your investments :)