Blockchain
OEC Will Be Integrated into Cross-Chain Scaling Solution BTTC
On October 30, TRON tweeted to announce the official launch of a cross-chain scaling solution BitTorrent Chain (BTTC) test network. One of the mainstream public chains in the industry OEC will be integrated in the near future, which means global users can directly transfer mainstream assets between TRON and OEC in a decentralized approach without any restrictions through BTTC.
It is known that BitTorrent Chain (BTTC) is co-developed by the core teams of BitTorrent and TRON, and is the first heterogeneous cross-chain interoperability protocol in the industry. It features a PoS consensus mechanism and multi-node validation and supports off-chain matching and smart contract extension through sidechains. These have endowed BTTC with core competencies such as a heterogeneous cross-chain structure, fast and cost-effective transfers, and asset security.
OEC is open-source public chain technology developed by OKEx for building blockchain-based trading applications. Constructed with Cosmos Tendermint and SDK, it is designed to establish a safe and efficient decentralized finance architecture that can be used to create a decentralized exchange, or DEX, that features community-based operations, transparent trading rules, and allows users to control their assets.
The integration of OEC into BTTC will facilitate the circulation and exchange of cross-chain assets. The integration of more mainstream public chains like OEC into BTTC will knock down barriers standing in the way of information and asset exchange, enable smooth exchange of data and value, and further mitigate the island effect among different chains.
According to Justin Sun in his open letter to the community, the upcoming BitTorrent Chain (BTTC) will provide a scaling solution for the mainstream blockchains around the world, and more importantly, deliver heterogeneous cross-chain communication that is decentralized and free of trust, ushering in a new era of “connecting all chains”. It is safe to say that the launch of BTTC marks TRON’s first stride towards an era where all chains are connected.
According to public data, the recent development of TRON’s ecosystem is quite impressive. The number of its public-chain users has exceeded 58 million, pushing the number of total transactions beyond 2.5 billion, and its Total Value Locked (TVL) has also surged past $11.5 billion. In addition to the public chain, TRON is also a leading player in other races such as DApps, DeFi, GameFi, and NFT, and boasts the largest circulating supply of stablecoins across the globe.
Blockchain
Switzerland Regulatory Technology Business Report 2024: Market to Surpass $550 Million by 2029, Driven by Collaborative Opportunities and Data Privacy Solutions
Swiss RegTech Market
Following a management buy-out by the management team at TOKO FZE, the business has been rebranded as Scintilla, the revolutionary platform providing on-chain solutions and services to make investments more inclusive, accessible, and efficient. Having been developed within DLA Piper’s Law& innovation portfolio, TOKO – now Scintilla has a fresh brand identity, new leadership, and innovative product offerings. Scintilla is set to reshape the future of finance by enabling businesses to unlock the power of blockchain technology across various asset classes, with DLA Piper remaining as a minority shareholder.
Regulated by Dubai’s Virtual Assets Regulatory Authority (VARA), Scintilla is one of the first digital asset companies to gain full market licenses, marking a significant milestone in the sector’s landscape. Being a regulated entity underscores Scintilla’s commitment to the highest standards of compliance and security while pioneering new solutions for tokenization in the global market.
Innovating Finance Through Tokenization
Scintilla offers a comprehensive suite of tokenization services designed to bring liquidity, transparency, and efficiency to traditional finance sectors. From tokenized financial products, and real estate all the way to new legal funding products, Scintilla’s digital asset solutions enable clients to tokenize assets that were previously inaccessible to investors or illiquid.
Scintilla’s services include:
Advisory Services: The gateway to successful market entry. From initial opportunity assessment to strategic development of game-changing tokenization-based solutions.
Use Case Development: Bringing products to life. From initial POC development and iteration towards MVP all the way through to the full market launch.
Broker/Dealer Services: Creating new markets. Regulated primary market trading, ensuring the highest levels of trust and security within the tokenization space.
Exchange Services: Universal participation. Seamless, secure secondary trading of tokenized assets, with industry-leading technology and compliance standards.
Scintilla is uniquely positioned to capitalize on the confluence of Dubai’s world-leading regulatory environment, cutting-edge technology, and the burgeoning RWA market.
A New Era for Scintilla
The relaunch of Scintilla represents more than just a rebranding—it signifies the company’s growing ambition to lead in the digital asset space. With an expanded team of industry experts, including continuing Board representation from DLA Piper, and a clear strategic vision, Scintilla is set to drive the adoption of tokenization in traditional financial markets.
“Our relaunch marks the beginning of an exciting new chapter for Scintilla and the wider industry. We are committed to pushing the boundaries of what is possible in digital finance while ensuring our solutions are underpinned by strong regulatory compliance,” said Tim Popplewell, CEO of Scintilla. “With our new suite of products and services, we are empowering investors to transform the way they manage and access value.”
Jean-Pierre Douglas-Henry, Managing Director, Sustainability and Resilience, DLA Piper added: “Innovation is a key strand in our business strategy. As our business focuses on developing and nurturing innovations that add significant value to our clients through our Law& innovation program, it is fantastic to see this solution spun out into the thriving digital asset space for the next stage of its growth and development.”
The post DLA Piper’s crypto tokenization engine TOKO relaunches as Scintilla appeared first on HIPTHER Alerts.
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