WhiteRock Finance has introduced a direct tokenization platform that enables the trading of securities listed on the New York Stock Exchange (NYSE), Nasdaq, and the London Stock Exchange (LSE) through blockchain technology.
This platform marks a significant step in integrating traditional finance with decentralized finance (DeFi).
The platform currently supports over 500 stocks from these major exchanges, with a reported weekly trading volume exceeding $100 million. WhiteRock’s infrastructure ensures that transactions are immutable and transparent, with no hidden fees or third-party interference.
According to co-founder Maxime Pizzolitto, the technology allows the unique identification of every stock and bond on a single ledger. WhiteRock aims to create the first on-chain brokerage that aligns with future financial models.
WhiteRock’s product rollout is planned in phases. The first phase, now operational, includes tokenized assets and the introduction of the $WHITE token, alongside the stablecoin USDX. Users can purchase USDX to leverage their holdings in USD.
Future phases include a lending platform where users can borrow against tokenized stocks and bonds, utilizing institutional-grade risk management frameworks.
The WhiteRock team also aims to expand the USDX stablecoin across the DeFi ecosystem, enhancing cross-chain functionality and yield optimization.
Subsequent phases involve the development of WhiteX, a decentralized exchange (DEX) operating on a regulatory-compliant blockchain, and a global tokenization platform for various assets, including intellectual property rights and real estate.