KUALA LUMPUR, July 27 (Bernama) -- FBG Capital is the lead investor in Universal Protocol Platform (UPP), a blockchain technology project launched by an alliance of industry leading companies.
UPP is launching a digital reserve ecosystem for seamless transfer of digital currencies and digital assets across nearly all decentralized networks, a statement said.
The platform introduces general interoperability of blockchain-based assets as well as features that promote conventional investor protections.
UPP will combine proven technologies with a genuine new innovation, the Proxy Token -- a digital representation of an underlying asset, such as Bitcoin, on the Ethereum blockchain and compatible with smart contracts on that platform.
Holders can seamlessly exchange Proxy Tokens representing different assets on-chain. The value of a Proxy Token is fully-backed by a matching asset in the professional custody of a reserve.
UPP able to reduce the time, cost and risk of converting digital assets. FBG Capital is one of the world´s most reputable digital asset management firms.
More details at www.universalprotocol.io
--BERNAMA
UPP is launching a digital reserve ecosystem for seamless transfer of digital currencies and digital assets across nearly all decentralized networks, a statement said.
The platform introduces general interoperability of blockchain-based assets as well as features that promote conventional investor protections.
UPP will combine proven technologies with a genuine new innovation, the Proxy Token -- a digital representation of an underlying asset, such as Bitcoin, on the Ethereum blockchain and compatible with smart contracts on that platform.
Holders can seamlessly exchange Proxy Tokens representing different assets on-chain. The value of a Proxy Token is fully-backed by a matching asset in the professional custody of a reserve.
UPP able to reduce the time, cost and risk of converting digital assets. FBG Capital is one of the world´s most reputable digital asset management firms.
More details at www.universalprotocol.io
--BERNAMA
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