Bitcoin exchange (BTC) and cryptocurrency Ripio has announced the tokenization of AL30. This is the Argentina Sovereignty Bonus (BCBA) on the Buenos Aires Stock Exchange (BCBA), the country’s leading stock market where action, bonds and other financial products are being denied.
In this way, Gravel users will have 24 hours a day availability to purchase and sell this digital representation of this bonus daily, according to the company’s statement.
ticker of The tokenization bonus is 1:1, equivalent to WAL30rd, A30. This asset incorporates the advantages of operating on cryptocurrency networks (24/7, low cost, trading hours) without losing the original bonus characteristics. This means that tokens can be purchased in Argentine Peso via any cryptocurrency or app. Additionally, holders will receive the corresponding benefits of USDT.
It is important to clarify that the AL30 is an Argentinean treasure that expired in 2030 and was issued in dollars. When quoting domestic pesos and foreign dollars, it is usually used to operate MEP dollars. (Electronic payment media).
At the time of publication of this article, the Bonus A30 will be negotiated with 74,150 Argentine Pesos, as observed in the next image provided by TradingView.
In this regard, Grader CEO and co-founder Sebastián Serrano emphasized that the initiative “amplifies the distribution of negotiable value in Argentina, allowing many new investors to access capital markets in a simple and transparent way.”
Real World Asset Token (RWA) It consists of creating a token representing an existing product outside the digital field. As defined by crypto-environment encryption, these may be concretely active, such as works of art, real estate properties, raw materials, goods, etc., but are intangible such as bonds, patents, copyrights, credits, concessions.
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