TVVIN to release its gold and utility token on Polkadot

TVVIN announces the introduction of its LBMA-certified gold token ($VVG) and platform utility token ($TVVIX) on Polkadot to establish a framework for real-time asset tokens.

TVVIN is a real-world asset (RWA) tokenization base that offers multiple types of RWAs, which include gold, silver, platinum, and palladium, in the form of trade tokens and has the capacity to create yield. 

After exploring numerous alternatives, including Cardano, Polkadot was chosen as a component of the TVVIN token release. TVVIN has been connected with Cardano for a while now, but it does not meet the requirements regarding RWAs.  

In the near future, TVVIN will introduce their RWA tokens on Cardano to maintain their ongoing relationship with the platform. To accomplish this, they are providing support to Cardano in addressing the requirements for RWA tokens. $TVVIX will continue to operate as a multichain, ensuring liquidity across Cardano, Polkadot, and specific EVM adaptable chains.

The introduction of TVVIN tokens on Polkadot has multiple benefits, including all-inclusive asset control and factors related to safety and balance. Additional benefits include adequate assets, cost-effective fees, the ability to de-risk the MVP, compatibility with Polkadot’s conventional USDC and USDT, and ease of incorporation.

The list goes on to add backing for wallets and multi-signature services, EVM adaptability, and trustless bridges. 

Polkadot’s shredded mechanism allows for both upgradability and interoperability throughout the Polkadot network. Parachins are exclusive blockchains harnessed by the Polkadot relay chain. The shredding allows for parallel processing, safe interoperability, added effectiveness, and a multichain ecosystem.

TVVIN is involved in the tokenization of RWAs, using top-level safety features on its omni-chain platform. TVVIN provides a fresh perspective on matters of finance, balancing real-world assets and blockchain’s potential.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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