Blockchain
300,000+ Can Now Claim Crypto UBI via Newly Released GoodDollar Android App
Tel Aviv, Israel–(Newsfile Corp. – February 24, 2022) – GoodDollar, an economic opportunity protocol and DAO that leverages decentralized finance (DeFi) to provide a crypto UBI to hundreds of thousands of members around the world, today announced the availability of its GoodDollar for Android app – the latest in a string of positive developments this year.
The app has already been downloaded by 27,000+ users since the release of the beta version in December. Enhancements introduced in February included a cleaner and simpler sign-in interface and a feature that automatically shows members the U.S. dollar value of their G$ balances. Developed by GoodDollar LLC, the non-profit software development firm that builds simple products that enable more underserved people to access the GoodDollar protocol, the Android app makes it faster and easier for more people to receive a daily allocation of G$ crypto UBI.
February saw GoodDollar reach record levels of growth for both membership and the market capitalization of the G$ crypto UBI token.
Membership grew past 300,000 individuals for the first time, while G$’s market cap breached $1 million mid-month. G$ market cap stood at $1.16 million as of February 23, while the value of the GoodDollar Reserve – the reservoir of supported cryptocurrency that backs the generation and distribution of G$ – hovers around $1 million. To date, GoodDollar has distributed more than $50,000 worth of G$ tokens to hundreds of thousands of people around the world, with daily active users concentrated in emerging markets suffering from high rates of inflation, such as Nigeria, Vietnam, Indonesia, Argentina and Venezuela.
This run of good news comes in the wake of a major protocol upgrade, GoodDollar Version 2, which was released in December. The upgrade opened the protocol’s smart contracts to enable anyone to support the GoodDollar UBI scheme by staking or holding G$ tokens, and coincided with the handover of governance to the community-run GoodDAO. By aligning the financial and social incentives of the members that receive crypto UBI with those of supporters that fund the economic model, GoodDollar protocol presents a scalable, market-incentivized approach to fund global UBI at scale.
“GoodDollar has gone from strength to strength since the introduction of V2 and there is terrific momentum and excitement amongst members,” GoodDollar co-founder Anna Stone said. “It now seems clear that the upgrade has been a catalyst for significant and healthy growth in the GoodDollar impact economy.”
Patricia Pedrosa, Impact Lead and Head of Product Management said: “The ongoing evolution of the GoodDollar app will help us better serve GoodDollar’s growing ecosystem. Over the coming weeks, the development team will introduce a host of other improvements, including an in-app GoodDollar news feed and education modules, an improved user interface, and integrated governance, staking and swapping functionality.”
About GoodDollar
GoodDollar is an anti-poverty blockchain protocol and DAO that leverages the tools of decentralized finance to enable greater financial empowerment of underserved people across the globe. GoodDollar unites the interests of current crypto investors with the potential of future crypto users, through G$, an ERC-2o token that is both used for liquidity mining rewards and openly distributed as universal basic income. All GoodDollar code is open-source and operates on the Ethereum mainnet and Fuse.io, an Ethereum side-chain. Users with an Internet connection and the GoodDollar app can sign up to claim a small amount of G$ daily.
Press Contact
Anna Stone
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114698
Blockchain
Asset Token Ventures Launches MBSTokenTM Funds to Unlock Mortgage-Backed Securities on the Blockchain
Asset Token Ventures (ATV), a leader in bridging real-world assets with blockchain, has launched MBSTokenTM, a groundbreaking solution that brings liquidity, transparency, and efficiency to the $11 trillion mortgage-backed securities (MBS) market. Designed for institutional accredited investors and qualified purchasers, MBSTokenTM offers onchain exposure to high-quality MBS assets, traditionally restricted to major financial institutions.
At the core of this initiative are two parallel funds: MBSToken ITM (for non-U.S. investors) and MBSToken IITM (for U.S. investors). By leveraging blockchain technology, ATV aims to democratize access to institutional-grade MBS-backed assets and modernize the fixed-income investment landscape.
“The fixed-income market, particularly MBS, is ripe for innovation,” said David Robnett, Co-Founder and Managing Director of ATV. “We are bringing institutional-grade MBS investments onchain, unlocking liquidity, improving transparency, and offering investors a seamless way to gain exposure to one of the most important financial markets.”
MBSTokenTM: A New Era for Fixed-Income Investment
MBSTokenTM is designed to deliver key advantages that address long-standing inefficiencies in the mortgage-backed securities market:
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High-Quality Backing: MBSTokens are collateralized by pools of mortgage-backed securities, many of which are guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac, and Ginnie Mae.
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Tax Efficiency: ATV’s USVI-based funds qualify for a 90% income tax exemption that provides a higher overall yield and may allow investors to defer taxable appreciation until token redemption.
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Blockchain Transparency: Transactions are recorded on an immutable ledger, providing real-time insight into asset performance and portfolio composition.
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Enhanced Security: MBS holdings are structured into bankruptcy remote, stand-alone funds, providing an added layer of investor protection.
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Global Access and Liquidity: MBSTokenTM allows institutional accredited investors and qualified purchasers worldwide to participate in the U.S. mortgage-backed securities market with seamless 24/7 access and liquidity.
Institutional and Investor Participation
MBSToken’s launch underscores growing institutional interest in tokenized real-world assets. ATV has already attracted significant attention from family offices, sovereign wealth funds, and institutional investors looking to diversify their portfolios with secure, yield-generating assets.
“Fixed-income markets are undergoing a digital transformation,” commented John Matheson, Co-Founder and Managing Director of ATV. “By leveraging blockchain technology, we are making MBS investments more accessible, more efficient, and ultimately more valuable for global investors.”
Investors interested in participating can submit their applications and complete KYC/AML verification at atvfund.io.
The Broader Impact of Tokenization in Fixed-Income Markets
The $11 trillion U.S. mortgage-backed securities market plays a critical role in global finance, but historically, its complexity and inaccessibility have limited participation. MBSTokenTM marks a significant step toward digitizing fixed-income markets, offering a bridge between traditional financial structures and the efficiencies of blockchain technology.
The launch of MBSTokenTM aligns with a broader industry trend as major financial institutions increasingly explore tokenization as a means to unlock liquidity, reduce costs, and improve market efficiency. ATV’s innovative approach positions MBSTokenTM as a leader in the evolution of blockchain-powered fixed-income investments.
Paul Talbert, Co-Founder and Managing Director of ATV, said, “We believe tokenization will redefine how capital is deployed in traditional markets. MBSTokenTM is the first step toward a more inclusive and efficient financial ecosystem, one that integrates the best of institutional finance with blockchain’s transformative potential.”
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