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.
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 ecosystem of investors,
technology providers, developers, and operators that will turn business ideas
profitable, and deliver viable, usable solutions for government.
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