What is Persistence - What is XPRT Token?

What is Persistence - What is XPRT Token?

Persistence is a protocol powering institutional open finance by facilitating the borrowing of cryptoassets (stablecoins) using real-world assets, such as invoices, as collateral. This bridges DeFi and traditional finance and uses the features of DeFi to solve real-world financing problems. Persistence aims to facilitate efficient global capital allocation by allowing businesses and traders to draw loans against receivables in to meet their financing needs. It aims to allow investors in low-interest jurisdictions to generate yield through a fundamentally new asset class in the form of real-world income-generating assets. Comdex, the first app in the Persistence ecosystem, has processed $30 million worth of commodity trades. Further, Persistence is targeting to close the $1.5 Trillion financing gap in the commodity trading industry. The solid validator set and strategic partnerships with projects such as Terra are a validation of their product-market fit. The technology stack comprises: - Persistence chain(s) - a network of business-specific ‘App-chains’ with security provided by the Persistence main-chain and its set of validators - Persistence SDK - a suite of plug-and-play modules to create new or integrate existing Exchanges & Marketplaces - Persistence dApp(s) - finance applications focused on institutional and retail stakeholders What is Persistence - What is XPRT Token?

About Persistence

Persistence is a protocol powering institutional open finance by facilitating the borrowing of cryptoassets (stablecoins) using real-world assets, such as invoices, as collateral. This bridges DeFi and traditional finance and uses the features of DeFi to solve real-world financing problems.

Persistence aims to facilitate efficient global capital allocation by allowing businesses and traders to draw loans against receivables in to meet their financing needs. It aims to allow investors in low-interest jurisdictions to generate yield through a fundamentally new asset class in the form of real-world income-generating assets.

Comdex, the first app in the Persistence ecosystem, has processed $30 million worth of commodity trades. Further, Persistence is targeting to close the $1.5 Trillion financing gap in the commodity trading industry. The solid validator set and strategic partnerships with projects such as Terra are a validation of their product-market fit.

The technology stack comprises: - Persistence chain(s) - a network of business-specific ‘App-chains’ with security provided by the Persistence main-chain and its set of validators - Persistence SDK - a suite of plug-and-play modules to create new or integrate existing Exchanges & Marketplaces - Persistence dApp(s) - finance applications focused on institutional and retail stakeholders

aFeatures

1. Asset Tokenization

Tokenize real-world assets using NFTs to bring them on-chain into the DeFi ecosystem

2. Asset Exchange

Cross-chain exchange of crypto and real-world assets (NFT marketplaces)

3. Liquidity Aggregation

Invest/lend to a variety of diversified real-world asset-backed Stablecoin liquidity pools

Products

The Persistence technology stack consists of products facilitating the end-to-end journey of the borrowing of cryptoassets using real-world assets as collateral.

By removing all the complexities of using public blockchains, Persistence products enable seamless institutional adoption while catering to crypto-native users.

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