Blockchain development company Provenance Blockchain Labs (ProvLabs) announced the launch of a platform that provides comprehensive tokenization, management, listing and lending solutions to address the growing market demand for tokenized RWAs from fund issuers and investors.
At the same time, the company announced a partnership with Figure Markets and NAV Lend.
By using ProvLabs' platform, asset managers can list their funds on Figure Markets' digital native "Everything Market", a decentralized custodial marketplace for "cryptocurrencies, stocks, bonds, credit, and more." If appropriate, funds can also be traded on the U.S. SEC-registered Alternative Trading System (ATS), which is operated by Figure Securities, Inc., a registered broker-dealer. (CrowdfundInsider)