Search Coins

Technical Bids at 8860 Support BTC/USD: Sally Ho's Technical Analysis 25 May 2020 BTC

cryptodaily.co.ukan hour ago
0

The Signal That Preceded Bitcoin’s Drop to $3k in 2018 Is About to Flash Again

www.newsbtc.com2 hours ago
0

Small-Cap Crypto Assets Are Outperforming Bitcoin: Here’s Why This Will End Soon

bitcoinist.com2 hours ago
0

Bitcoin (BTC) Analyst Predicts Further Retracement After BTC/USD Dips Below $8,700

coingape.com3 hours ago
0

Nearly $20 Million of BitMEX Longs Liquidated As Bitcoin Tumbles Below $8,800

www.newsbtc.com3 hours ago
0

This Is Not Capitalism: How Covid-19 Shined a Light on America’s Fascist System

news.bitcoin.com3 hours ago
0

“Rich Dad Poor Dad” Author Continues to Promote Bitcoin as Economy Worsens

www.newsbtc.com5 hours ago
0

ETH/USD Orbiting 206.57: Sally Ho's Technical Analysis 24 May 2020 ETH

cryptodaily.co.uk5 hours ago
0

BTC Dreads Weekly Close, Satoshi Mystery, A Big Blunder: Hodler’s Digest, May 18-24

cryptopost.com5 hours ago
0

The Market Factor That Predicted Bitcoin’s $8,000 Halving Bottom Is Back Again

thebitcoinnews.com5 hours ago
0

Africa Is Experiencing a Crypto Renaissance

cointelegraph.com6 hours ago
0

Bitcoin advocate: Hardware wallets are 'robust and much safer' form of crypto-custody

eng.ambcrypto.com6 hours ago
0

Goldman Sachs to Discuss BTC in Client Seminar

www.livebitcoinnews.com6 hours ago
0

BTC Dreads Weekly Close, Satoshi Mystery, A Big Blunder: Hodler’s Digest, May 18–24

Ripple Says New Platform Designed to Let XRP Holders Be Their Own Bank

dailyhodl.com6 hours ago
0

US Real Estate Crisis: Home Sales Plunge to 9-Year Low, Mortgage Delinquencies to Soar Past Great Recession Level

news.bitcoin.com6 hours ago
0

Traders Believe Ethereum is About to Make a Massive Move; Will It Favor Longs?

www.newsbtc.com7 hours ago
0

Coldplay Bassist Invests in Bitcoin (BTC) Trading App

btcmanager.com7 hours ago
0

Bitcoin: Africa might become the 'leading crypto continent in the next 5 years'

eng.ambcrypto.com7 hours ago
0

Louisiana lawmakers advance bill for licensing crypto businesses

www.theblockcrypto.com7 hours ago
0

Reddit cofounder Ohanian highlights ‘crypto spring’ for engineers, product developers

www.theblockcrypto.com8 hours ago
0

Robert Kiyosaki: The Time Has Come to Buy Bitcoin

www.livebitcoinnews.com8 hours ago
0

XRP in for another negative breakout as 200-moving average resists upswing

eng.ambcrypto.com8 hours ago
0

Investors are Heavily Accumulating Ethereum Despite Gloomy Outlook

thebitcoinnews.com8 hours ago
0

Bitcoin Price Drops to $8,840 — Key Metrics Signal BTC May Correct Further

cointelegraph.com8 hours ago
0

A Coinbase-backed startup now enables users to tokenize the price of ‘anything’

Sep 11, 2019 4:23 PM +00:00
0

Smart contracts technology provider UMA today launched a platform to create tokens that can track the price of “anything,” from foreign exchange rates to stock prices, according to a company blog post


UMA co-founder Allison Lu announced at the London DeFi Summit today the availability of the platform, dubbed Synthetic Token Builder, on the ethereum testnet. The token builder accepts DAI as collateral and enables users to mint tokens that follow various price indices. Users can also trade these tokens, while their collateral value changes according to the price indices. 


Lu points out that UMA’s token builder does not tokenize actual assets, but only their prices. This means users do not have to own the financial assets to invest in these assets’ values. 


“Let’s say we create a token that tracks the value of Apple stocks. In our protocol, there is no actual Apple stock that changes hands anywhere, we are just tracking the economic value of the Apple stock and we are using a margin currency to collateralize it,” said Lu. 


Lu said that the token builder has attracted interest from market makers, over-the-counter (OTC) desks and, cryptocurrency funds. The company is also backed by noted venture capital firms including Coinbase Ventures, Two Sigma Ventures, Dragonfly Capital, and others. 


With the Synthetic Token Builder, UMA is also looking to roll out a series of synthetic stablecoins, which track the price of fiat currencies in Dai. 

Share This Article


Get the most out of CoinFi News!

Save coins into your Watchlist and be the first to know about the latest market moving news.