Blockchain Token Backed by Physical Silver Bars in Partnership with Tokeni
NEW YORK, NY / ACCESSWIRE / March 28, 2024 / BlockApps, a leading innovator in blockchain asset tokenization, is proud to announce the launch of the world's first Carbon-Neutral Silver token (CNS) on the Ethereum blockchain. This initiative, in collaboration with our partner Tokeni, marks a significant milestone in the intersection of blockchain technology, sustainable practices, and real-world asset (RWA) tokenization. Previously BlockApps has worked with United Airlines, Shell, AWS, Microsoft Azure, Deloitte, Google Cloud Platform, Bayer, BHP Billiton, Ticketmaster, and John Hancock.
Each silver token issued by BlockApps represents 1 troy ounce of .999 pure silver, backed by physical 100 oz bars that are audited, insured, and securely vaulted by Tokeni. This pioneering approach allows for fractional ownership of silver bars, providing buyers with the beneficial combination of tangible asset security and digital flexibility. In addition to purchasing on Ethereum, Carbon-Neutral Silver tokens are also available on BlockApps's own Mercata Marketplace running on the STRATO Mercata blockchain.
Kieren James-Lubin, CEO of BlockApps, said, "We are thrilled to introduce the first carbon-neutral silver token, leveraging blockchain to democratize access to silver as an asset but also address critical environmental concerns. This is a big step forward to linking all real-world assets to the blockchain."
The CNS token incorporates the Mercata Carbon Blended Tonne, a sophisticated tokenized offset that neutralizes nearly 67 kg of carbon for every troy ounce of silver. This initiative supports a wide array of global projects in renewable energy sectors such as Wind, Solar, Hydro, Agricultural, and BioMass, offsetting over 2,140 tons of carbon for each ton of silver.
BlockApps and Tokeni's partnership is built on a shared vision of making RWAs more accessible and sustainable. This launch represents a significant advancement in connecting digital assets to physical goods while illustrating the functionality of blockchain technology to foster a more sustainable and inclusive world.
For additional details on the Carbon-Neutral Mercata Silver token, visit https://cns.blockapps.net
About BlockApps
BlockApps is blockchain technology pioneer, specializing in the tokenization of real-world assets with the mission of driving adoption of the next billion blockchain users by giving them access to rare and valuable things. Their customers and partners have included Microsoft, Bayer, Amazon, Ticketmaster, the energy consortium Blockchain for Energy, and various government entities, such as the City of Reno.
About Tokeni
Tokeni, launched by Aronov family, aims to democratize access to the precious metals market through innovative partnerships and blockchain technology. With a rich history spanning over 70 years in real asset markets, Tokeni and Aronov bring unparalleled expertise and a commitment to enhancing the value and accessibility of precious metals.
Contact:
BlockApps Public Relations
Email: pr@blockapps.net
Website: www.blockapps.net
SOURCE: BlockApps
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