Cheyenne, Wyoming-(Newsfile Corp.-June 2, 2022)-Residual Token, Inc. ($ eRSDL) complies with U.S. regulations for U.S. companies holding Bitcoin, Ethereum, or Stablecoin. Launched the first DeFi pool. Treasury officers, CFOs, and managers of US companies face challenges related to restricted use of digital assets. You are responsible for managing these assets, most of which are refrigerated or stored with a caretaker. We rely solely on rising prices to meet our return expectations.
DeFi pool for institutional investors
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For years, retail crypto users have been able to experiment with how to generate yields by serving digital assets in a decentralized web-wide DeFi pool. Some of these experiments have paid off for retail users, but they are the most important issue for institutions. In short, knowing the source of revenue remains an open question. Residual tokens (symbol: $ eRSDL) are institutional, in collaboration with their banking partners NextBank International, Inc. (a wholly owned subsidiary of NextPlay Technologies, Inc. (NASDAQ: NXTP)) and custodian Aegis Custody. Cause of return problem.
US companies can securely supply and borrow in a closed DeFi P2P (pool-to-peer) environment using the newly launched regulatory-compliant advanced technology framework. Bank commercial customers only participate in the private pool with other US institutional customers of the bank.
“The US government wants to know where and how revenue is generated,” said Howard Krieger, CEO of Residual Token, Inc. I have the same concerns. “
The Residual Token calls the product Reserve Lending +, whose purpose is to provide a secure port to the open ocean of DeFI.
What is P2P (Peer-to-Peer) DeFi?
Unlike traditional loan pools, where revenue is calculated in a black box, decentralized pool-to-peer loan pools generate revenue for suppliers by charging interest to borrowers. People and businesses participate by adding liquidity (assets) to the pools that counterparties can borrow on an over-collateral basis. Most P2P platforms today are either unauthorized or heterogeneous of people and businesses around the world.
An example of the latter is Reserve Lending, Residual Token’s retail P2P DeFi lending platform. Anyone with an ERC-20 wallet address can participate. This type of platform addresses the needs of individuals or groups regardless of where the borrower generated the capital to pay interest, but the risk to US companies that they do not have the funding to generate returns. Is too big.
ReserveLending Pool Overview
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What is Institutional Decentralized Finance?
Institutional DeFi is a term that crypto enthusiasts may or may not have heard before. Platforms like AAVE Arc use Fireblocks management and wallet control to provide access to a pool-to-peer platform that is compliant with the Financial Action Task Force (FATF) around the world.
Similar to retail decentralized finance, DeFi for institutional investors can supply and borrow selected cryptocurrencies. Institutional DeFI allows only KYC (Know-Your-Customer) and whitelisted entities to the pool. Unique to ReserveLending +, each entity must be submitted to accept compliance with strict AML (Prevention of Money Laundering) guidelines through the NextBank Deposit Account Application in order to be whitelisted. Other institutional platforms have their own terms and conditions and methods for maintaining the trust and security of corporate members.
As a result, excess company-owned Bitcoin, Ethereum, or other digital assets can in some cases earn interest at higher savings rates than traditional banks offer. Conversely, loans can be withdrawn at competitive rates for qualified borrowers.
Unique to $ eRSDL holders, Residual Token has promised to use a portion of its earnings to buy tokens from the market, depending on the amount of borrowers and prevailing interest rates. The company encourages interested US entities using cryptocurrencies to request demos to learn more.
Bank Purchase: Purposeful DAO
After a year of hard work building DeFi products, Residual Token is a decentralized autonomous organization or DAO that aims to support the vision of blockchain-based banking products for institutional investors for everyone. We plan to support the launch. DAO’s immediate goal is to buy a bank with DAO’s finances and introduce neo-banking products, including ResidualToken’s own suite of products. According to the Residual Token, owners of $ eRSDL tokens will have early access to DAO’s bonding program and receive discounts.
Conclusion
Blockchain technology enables the secure and reliable transfer of assets between unrelated parties without the need for an intermediary. Institutional DeFI, or the use of the company’s assets to supply the borrower’s capital, requires certain safeguards to be taken to meet regulatory guidelines and, in some cases, the company’s own fiduciary duty. Residual Token, along with its banks and custody partners, has designed a unique framework that addresses not only the regulatory concerns that US companies may participate in these products, but also the concerns of their financial managers. Did.
About Residual Token, Inc. dbaunFederalReserve
Since 2018, a team of former Residual bankers, technicians and compliance experts have been looking for ways to make the cryptocurrency lending and borrowing market more secure and more efficient. They are currently developing some blockchain-based software that can be used for licensing. Its flagship product, Reserve Lending, secures, easily and effectively deposits, acquires and borrows top digital assets for cash management, hedging, or speculative purposes by allowing crypto holders access without permission. I can.
Company / Brand Name: Residual Token, Inc
Person in charge: Howard Krieger
Person in charge: CEO / co-founder
Company Email: howard@unfederalreserve.com
Website: unfederalreserve.com
twitter: https://twitter.com/unFederalreser1
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