Elrond Network Collaboration With Stobox

Elrond Network thrilled to announced that they have started a collaboration with  an award-winning tokenization company, Stobox. 

“Decentralized digital assets are unforgeable, more secure, faster, and more inexpensive to own and transfer. The tokenization of everything is therefore unavoidable. For it to happen, clear guidelines and simple tools must exist. We’re happy to work together with Stobox to accelerate the deployment of new business use-cases on the Elrond mainnet.”—Beniamin Mincu, Elrond Network CEO.

The main focus of the collaboration is to facilitate integrating the Elrond mainnet into Stobox Digital Securities Dashboard, enabling companies to raise funds using Stobox to issue their assets as tokens on our blockchain.

“The appeal of blockchain technology has always been lower costs and increased efficiency, which the most popular networks today don’t really offer. This is why we are excited to work with Elrond Network and offer our customers a faster and inexpensive way to tokenize their businesses and assets using Stobox expertise and products.”— Gene Deyev, Co-Founder and CEO Stobox.

A portion of the Stobox utility token STBU will be bridged to Elrond as an ESDT token, enabling STBU utility token holders to engage in DeFi opportunities on the Maiar Exchange as part of their collaboration.

ABOUT Elrond Network
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permission-less, borderless, globally accessible internet economy.

ABOUT STOBOX
Stobox is an award-winning tokenization company that focuses on the market of tokenized assets and securities. Their Digital Securities Dashboard allows businesses to tokenize their capital or issue securities on-chain, whereas Digital Securities Swap (DS Swap) is a decentralized AMM solution that unlocks secondary trading for them.

RESOURCES
Elrond Blog