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Crypto.com Partners With DMCC to Enhance Commodity Tokenization
Crypto.com has partnered with Dubai Multi-Commodities Centre (DMCC) to explore blockchain applications for global commodities trade.
- Aim: Enhance tokenization in the commodities market for next-generation trade infrastructure.
- The partnership will utilize blockchain technology to reduce settlement friction and improve price transparency in major commodities segments.
- Plans include tokenized Real-World Asset (RWA) listings, custody models, and liquidity solutions.
- The listing of tokenized commodities on Crypto.com requires regulatory approvals and meeting listing requirements.
- Focus areas: Custody models, liquidity mechanisms, and digital asset payments on DMCC’s platforms.
DMCC's CEO, Ahmed Bin Sulayem, views tokenization as a modernization opportunity for financing, trading, and settling commodities with increased transparency.
Additionally, Crypto.com recently launched a prediction market platform in collaboration with ERShares and Signal Markets, featuring advanced analytics and forecasting capabilities.
- ERShares handles information integration, research design, and media distribution.
- Signal Markets provides the analytics engine for probability-based modeling and forecasting.