Home Blockchain Okcoin to Develop into First US Change to Checklist Provenance Blockchain's HASH Utility Token – PR Newswire

Okcoin to Develop into First US Change to Checklist Provenance Blockchain's HASH Utility Token – PR Newswire

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SAN FRANCISCO, April 26, 2022 /PRNewswire/ — Okcoin, the worldwide, U.S.-licensed, fiat-focused crypto asset change, at this time introduced the upcoming itemizing of Provenance Blockchain’s utility token HASH. Okcoin is the primary change within the U.S. to help the buying and selling of HASH, that means, present HASH holders can deposit their holdings into Okcoin wallets at this time.

“The itemizing of Provenance Blockchain’s HASH utility token on Okcoin is an extremely thrilling alternative for retail merchants to take part within the foundational transformation of the monetary providers business, leveraging digital property, digital cash and blockchain,” stated Morgan McKenney, CEO of Provenance Blockchain Basis.

McKenney joined the Provenance Blockchain Basis in March after practically twenty years at Citi in a spread of senior government working roles globally, most just lately as Chief Working Officer for International Shopper Banking.

Provenance Blockchain is the main public open-source blockchain for monetary providers, leveraged by greater than 50 banks and different monetary establishments and working at scale at this time with billions of {dollars} of digital monetary property transacted throughout lending, marketplaces and funds.

Provenance Blockchain was constructed particularly for monetary providers and supplies the primary actual alternative to disrupt the area at scale, considerably lowering prices for shoppers and introducing new income alternatives for the business. Since its inception, the Provenance Blockchain ecosystem has grown to greater than 50 monetary establishments transacting greater than $8 billion on chain. Earlier this 12 months, a number of U.S. banks launched the USDF Consortium with plans to offer a bank-minted tokenized deposit and 24x7x365 fee rail on the Provenance Blockchain.

Provenance Blockchain has pioneered a collection of blockchain “firsts” and “onlys” inside monetary providers, establishing Provenance Blockchain because the main platform for conventional finance migrating to decentralized finance. These embrace:

  • First for HELOC and mortgage origination and custody on a public blockchain, with greater than $8 billion of loans traded on Provenance Blockchain thus far.
  • First (and solely) to immediately settle mortgage mortgage gross sales on a public blockchain.
  • First (and solely) to securitize shopper loans on a public blockchain.
  • First (and solely) to make the most of blockchain as a mortgage mortgage registry on a public blockchain.
  • First (and solely) public blockchain that U.S. regulated banks take part.
  • First (and solely) to help bank-minted tokenized deposit on a public blockchain.
  • First (and solely) to help blockchain safety marketplaces on a public blockchain operated underneath a regulated dealer seller/ATS.
  • First (and solely) core banking system constructed on a public blockchain.

ABOUT PROVENANCE BLOCKCHAIN FOUNDATION

The Provenance Blockchain Basis supplies the world’s finest ecosystem for creating and deploying DeFi purposes. Provenance Blockchain Basis helps the Provenance Blockchain and its individuals via analysis and improvement, training, and governance. We consider a community-driven, inclusive and open-source mannequin based mostly on the best-in-class, eco-friendly Cosmos/Tendermint web of blockchains is important for the success and vast adoption of the following technology of decentralized monetary purposes.

Provenance Blockchain is the main public open-source blockchain for monetary providers, leveraged by over 50 banks and different monetary establishments and working at scale at this time with billions of {dollars} of digital monetary property transacted throughout lending, marketplaces and funds.  To study extra, go to https://provenance.io

ABOUT OKCOIN

Based in 2013, Okcoin is a US-headquartered cryptocurrency change serving 190+ international locations and territories. The platform permits retail and institutional buyers to buy 50+ digital property utilizing native currencies, with a mission to make crypto straightforward for everybody, together with first-time patrons. Okcoin was the primary centralized change to supply direct entry into decentralized finance (DeFi) with Earn, a device for incomes APY via decentralized lending, liquidity swimming pools, staking, and extra. As well as, Okcoin provides institutional buying and selling instruments and APIs to asset managers, enterprise capital and hedge funds, retail brokers, fee processors, and extra. Comply with Okcoin on Twitter at @Okcoin and go to okcoin.com for extra info.

MEDIA CONTACT
Graham Kahr
VP of Advertising, Provenance Blockchain Basis
[email protected]

SOURCE Provenance Blockchain Basis

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