WiCoin is a stablecoin launched by WiPay, a financial technology company with offices in Africa, the Caribbean, Columbia, and the US. It was launched to address the challenges of cross-border remittance and financial exclusion in its operational regions. It was built on the Hedera network utilizing the Hedera Token Service (HTS) and Hedera Smart Contract Service (HSCS) and is pegged to the US dollar.
It forms the backbone of the WiCoin Settlement Network, designed to create a unified system for transactions across numerous Caribbean islands, each with its own currency. It also extends into African markets and currencies.
The primary goal of WiCoin is to "bank the bankless" by providing an accessible and efficient means for cross-border payments and settlements by leveraging Hedera's fast transaction speeds, low and predictable fees, and robust security through its asynchronous byzantine fault tolerance (ABFT).
WiPay is supported by the Hedera HBAR foundation and seeks to enhance financial inclusion and streamline economic activity in underserved regions by providing a locally-accessible bridge between traditional banking services and low-cost, speedy digital transactions.
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InvestaX is a Singapore-based, licensed security token platform Its mission is to provide a comprehensive, end-to-end solution for the issuance, trading, and custody of security tokens, bridging the gap between traditional finance and the world of decentralized assets.
The company offers a full suite of services for the digital asset lifecycle including tokenization. The InvestaX platform also features a primary issuance service for launching new security token offerings (STOs), as well as a secondary trading marketplace for providing liquidity to these assets. A core component of their offering is their institutional-grade custody solution, which ensures the secure storage of digital assets.
While InvestaX is a multi-chain platform, it has a direct integration with the Hedera network. The company utilizes Hedera's high-throughput and low-cost infrastructure to provide its clients with a fast, secure, and efficient platform for tokenizing and managing their assets. Through this integration, InvestaX offers a scalable and enterprise-grade solution for the digital asset market, enabling accessibility and liquidity for a wide range of real-world assets.
Twigital is a decentralized application (dApp) that enables users to create tokenized digital twins of physical objects. These digital twins are represented as 3D objects, which can be minted as non-fungible tokens (NFTs) on the Hedera network. The platform allows users to memorialize objects in the Web3 space.
The Twigital mobile application is available on iOS where it uses photogrammetry to capture real-world objects. Users can generate 3D models of objects from photographs. The app guides users through this process with detailed instructions and, once created, these 3D models can be minted as NFTs.
A key feature of Twigital is its integration with the Hedera network. Users connect their Hedera wallets to manage digital assets. This enables easy valuation, trading, and viewing of NFT details. The assets created are content-addressed using interplanetary file system(IPFS), providing unique identification for each digital twin. These unique twins can then be linked to minted NFTs. Twigital covers the transaction fees for creating these NFTs, which are factored into the cost of using the service.
MIOO Technology provides an enterprise-grade platform that connects physical products to the digital world through unique, verifiable digital identities. It specializes in creating Digital Product Passports (DPP), which enable users to track products through QR codes or NFC tags connected directly to a product or its label and secured on the immutable Hedera blockchain network giving them access to a wealth of information about the status of their goods.
The platform is designed to help brands, particularly in the luxury, fashion, and art sectors, combat counterfeiting and prepare for upcoming regulations like the EU’s Ecodesign for Sustainable Products Regulation (ESPR). The DPP can house detailed data on a product's materials, origin, carbon footprint, and repair history, promoting transparency and sustainability. For consumers, this digital identity serves as an undeniable certificate of authenticity and ownership. For brands, it opens a direct channel for post-sale customer engagement and provides valuable insights into the product lifecycle.
MIOO's technology is active in the micromobility sector with MIOO Cycling, an initiative supported by EIT Urban Mobility. This service uses the DPP to track a bicycle's entire lifecycle, including service history and ownership transfers.
Pyth Network is a first-party financial oracle network that supplies extremely low-latency real-world price data across crypto, equities, forex, commodities, and ETFs. In February 2024 the Pyth catalog of over 400 price feeds was launched on Hedera via a partnership with the HBAR Foundation, giving developers permission-less access to real-time data and confidence intervals to improve DeFi risk management. HLiquity, a decentralized borrowing protocol on Hedera, became the first application to integrate these feeds to ensure accurate pricing and proper collateralization.