Press
Release 14 June 2019 – With the help of
the regulatory and business framework in CEZA, the World Token Issuing Alliance
(WTIA) will help companies and countries from around the world adopt emerging
blockchain technology and embrace a new tokenized economy.
The
Cagayan Economic Zone Authority has granted an Offshore Virtual Currency
Exchange (OVCE) Provisional Regular License to WTIA, paving the way for WTIA to
launch its exchange service on the WTIA Platform.
WTIA
works with some of the world’s largest blockchain and asset tokenization
projects and is responsible for bringing together such projects as Monopoly
Hotels & Resorts (MHR); Smart City Company (SCC); and many more.
“WTIA
is all about supporting Real Projects that have a positive impact on the
community and country. Projects that deliver economic growth, create high value
jobs, and can benefit from blockchain technology’s transparency, trust and
security,” says Keunyoung Kim, the chairman of WTIA.
This
is a major step forward for WTIA as they prepare to launch their fully
regulated security token exchange platform to increase liquidity for their
projects. WTIA’s new license will allow WTIA to offer security, utility and
virtual currency tokens, covering the broad spectrum of token offerings
required as the portfolio of projects under WTIA expands.
With
the increasing popularity of blockchain and its growing ecosystem of tokens,
liquidity ensures fair pricing for projects through market dynamics and allows
users to invest in the success of projects that they support.
"We are very excited to receive this important license from CEZA.
WTIA will be able to help our projects develop tokenization models based on
asset digitalization, solving many of the problems and bottlenecks in the
current marketplace. Through WTIA and blockchain technology, we can bring real
projects to fruition, creating economic prosperity and jobs for all." said
Kaycee Kim, CEO of WTIA.
The
ability to tokenize assets is creating a quiet revolution in the financial
world. The digital tokenization of assets such as real estate, corporate assets
and even IP allows assets to change hands conveniently, quickly and cheaply,
without the need for complicated processes and even middlemen. Information is
stored on an immutable ledger, secured via a decentralized network, and linked
through cryptology, creating a trusted system for the transfer and verification
of ownership. Many mainstream financial institutions and asset management
companies are very interested in the prospects from this technology and are considering
the issuance of tokens backed by real world assets.
WTIA is the
advisory and capital market solution of some of the biggest real-world
blockchain projects in the world. Projects include sovereign-level tokenization
programs, utility-token driven business models for listed companies, tokenized
infrastructure securities, high technology applications and much more.
Governments and large corporations seeking a new paradigm in management, asset
utilization, business development and stakeholder engagement have joined the
WTIA. By licensing WTIA in the Philippines, we are confident that Philippines
efforts to develop its virtual currency and blockchain industry will lead the
region in the years to come.
For more information, please contact:
ABOUT WTIA
The World Token Issuing Alliance (WTIA) is the
advisory and capital market solution of some of the biggest real-world
blockchain projects in the world. Projects include sovereign-level tokenization
programs, utility-token driven business models for listed companies, tokenized
infrastructure securities, high technology applications and much more.
Governments and large corporations seeking a new paradigm in management, asset
utilization, business development and stakeholder engagement have joined the WTIA.
The WTIA is a network of some of the world’s top business, infrastructure
development, blockchain advisors and discerning investors, bringing capital, technology
and know-how to developing countries and large multi-national corporations.
WTIA has experts with in-depth experience in building
traditional businesses, working with experts within the blockchain industry to
bring together the best of both worlds. Focusing on asset-backed mineral
resources and real estate, WTIA brings together an eco-system of investors,
technology providers, developers and operators that will turn business ideas
profitable, and deliver viable, usable solutions for government.
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