E Money Network Partners with Redbelly Network to Accelerate Compliant Real World Asset Tokenisation
We are thrilled to announce that E Money Network is partnering with Redbelly Network, a regulated public Real-World Asset (RWA) network designed to drive compliant asset tokenisation. This strategic partnership aims to streamline RWA tokenisation by powering efficient, compliant and secure solutions for bringing real world assets into the realm of blockchain.
Integration of E Money’s Suite of Services in the Redbelly Network
E Money Network’s four foundational pillars - Proof of Identity, Proof of Ownership, Proof of Compliance and Proof of Custody ensure its adherence with the upcoming MiCA regulations from the ground up. With integrated KYC and AML modules, E Money Network enables compliance for each entity and transaction within its network, and for third parties that integrate its offerings within their ecosystems.
With this collaboration, E Money Network will provide Redbelly users with a suite of valuable, compliant services, including:
E Money Wallet: E Money Wallet is a crypto wallet with multi-chain and multi-asset support. Every entity signing up for the wallet undergoes mandatory KYC. E Money Wallet will empower Redbelly users to buy, sell and store RWAs safely on the Redbelly Network.
E-Money Tokens (EMT): E Money Network’s adherence to regulations will qualify it for issuing e-money tokens (MiCA-compliant stablecoins) when MiCA directives are implemented. E Money Network will provide Redbelly users not only the ability to buy, sell and borrow against E-Money Tokens, but also deploy them for other purposes such as facilitating DeFi transactions and simplifying on-off ramping.
Bridging Web2 Liquidity into Web3: With interoperability at its core, E Money Network will aggregate liquidity from Web2 with the help of EMTs to power next-generation RWA applications in Web3. This will contribute to more Total Value Transacted (TVT) for E Money Network and increase Total Value Locked (TVL) for Redbelly.
A Synergy for Revolutionizing RWAs and Blockchain
RWAs are ushering in a new era of transformation and propelling adoption in the blockchain industry by expanding its use cases. The E Money Network and Redbelly Network partnership has the potential to set new standards for secure and compliant asset tokenisation, drive innovation and foster the development of new communities within the blockchain space.
The opportunities for innovation unlocked by combining E Money Network’s powerful wallet and e-money token issuance capabilities with Redbelly Network’s Compliant Asset Tokenisation (C.A.T) solution will bridge the Web2 economy of today and the Web3 economy of the future. By helping users explore new avenues of utilising their RWAs, the partnership will be a significant game-changer for liquidity in Web3.
Last updated