Currenc Group Launches Tokenized Shares on Ethereum and Solana for 24/7 Trading

CURRCURR

Currenc Group has tokenized its ordinary shares on Ethereum and Solana via the Securitize platform, enabling 24/7 trading, fractional ownership to six decimal places, and lower transaction costs. The onchain share model integrates with DeFi protocols for collateralization and automated trading, potentially expanding liquidity and global investor access.

1. Tokenization Launch

Currenc Group has completed the tokenization of its ordinary shares on the Securitize platform across both Ethereum and Solana blockchains. This marks the first instance of a Nasdaq-listed company bringing its actual security tokens onchain with issuer involvement, rather than secondary token offerings.

2. Trading and Utility Features

Tokenized shares will support 24/7 trading, fractional ownership down to six decimal places, and reduced transaction costs. They can also be integrated into automated market makers, lending protocols for collateralization, and algorithmic trading strategies.

3. Impact on Liquidity and Access

By enabling global, round-the-clock market access across Asia, Europe and the U.S., the onchain share model aims to broaden the investor base and enhance share liquidity. Institutional and retail investors may benefit from seamless settlement and programmable share functions.

4. Reverse Merger Update

Currenc has also proposed a reverse merger with Animoca Brands to create a combined Nasdaq-listed entity with exposure to digital assets, gaming, AI and DeFi infrastructure. This transaction remains subject to regulatory approvals and customary closing conditions.

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