Cardano

World

Galaxy

<ul>
 <li>Finest launched a tokenized asset platform on Cardano, offering investments in Black Galaxy Granite with a projected 10% ROI after 3 months.</li>  
 <li>LCX ensures compliance with the Liechtenstein Blockchain Act, providing full legal ownership for token holders.</li>  
 <li>The platform enables retail investors to access mining operations, enhancing liquidity and scalability for mines.</li> 
</ul>  
<p>Finest has now launched its Real World Asset Tokenization platform on Cardano's mainnet. The platform <a href="https://cryptonewsland.com/cardanos-privacy-first-sidechain-midnight-network-set-to-debut/" target="_blank" rel="noopener noreferrer nofollow">allows</a> users to invest in tokenized commodities, equities, and bonds in a fully compliant setting. The first asset available on this platform is Black Galaxy Granite, a popular stone noticed for its distinctive beauty and durability.</p>  
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<p>The initial offering on the Finest platform is Tokenized Black Galaxy Granite, labeled as GRNT1. A total of 500 tokens have been issued, each representing ownership of 0.1 kg of this valuable stone. The price per token is set at $42.2, and the expected return on investment after three months is projected to be around 10%.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-the-role-of-lcx-and-investment-appeal"><strong>The Role of LCX and Investment Appeal</strong></h2>  
<p>LCX, serving as both the issuer and physical validator, has ensured that the tokenization adheres to the <a href="https://www.liechtenstein-business.li/en/economic-area/blockchain-liechtenstein/das-tvtg" target="_blank" rel="noopener noreferrer nofollow">Liechtenstein Blockchain Act</a>. By offering investment into Tokenized Granite, Finest aims to address two key issues.&nbsp;</p>  
<p>First, it provides liquidity to the mining operations, enabling them to scale up efficiently. Second, it makes investing in these operations accessible to retail investors who would otherwise find it difficult to participate.</p>  
<h2 class="wp-block-heading" id="h-understanding-black-galaxy-granite"><strong>Understanding Black Galaxy Granite</strong></h2>  
<p>Black Galaxy Granite, mined in the Chimakurthy region of Andhra Pradesh, India, is highly prized in construction and design. Its deep black color with golden or white specks gives it a galaxy-like appearance, making it a popular choice for luxury projects.</p>  
<p>Investors can purchase GRNT1 tokens through the Finest platform. These tokens grant full legal ownership of 0.1 kg of granite. Once the mine sells the granite, typically within three months, investors can burn their tokens and receive their profits in a stablecoin, with an expected 10% return on investment.</p>  
<h2 class="wp-block-heading" id="h-legal-framework-and-compliance"><strong>Legal Framework and Compliance</strong></h2>  
<p>The tokenization process is governed by the Liechtenstein Blockchain Act, ensuring that each token provides genuine ownership rights. Additionally, by minting the tokens, investors agree to terms of service that allow the mine to sell the granite on their behalf and distribute the profits afterward.</p>  
<p>Finest has partnered with several key players in the blockchain space, including NMKR, IAM X Identity, and <a href="https://fluidtokens.com/" target="_blank" rel="noopener noreferrer nofollow">FluidTokens</a>. For the initial drop, LCX is providing legal and physical validation, while Trivolve Tech serves as the partner in India, managing the mining operations.</p>  
<p>Finest's launch of a tokenized asset platform on the Cardano mainnet marks a significant step in bringing real-world assets to the blockchain. With its first offering of Black Galaxy Granite, the platform is set to provide new opportunities for investors and miners alike.</p> 
<p>The post <a href="https://cryptonewsland.com/finest-launches-tokenized-real-world-asset-platform-on-cardano-mainnet/" rel="noopener noreferrer nofollow">Finest Launches Tokenized Real World Asset Platform on Cardano Mainnet</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Finest Launches Tokenized Real World Asset Platform on Cardano Mainnet

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