WORBLI, a blockchain infrastructure for an efficient, honest, and accessible financial system [Token: WBI] has signed a deal with TokenOro to tokenize their gold mining operations operated by a veteran team of business and mining professionals with several mines around the world. WORBLI is pleased to bring the first legitimate gold-backed security token to market.
For companies like TokenOro, WORBLI powers the ability to expand the base of potential stakeholders enabling a more cost-effective and wide-reaching fundraising campaign.
For WORBLI Network users, TokenOro presents the option to become a stakeholder in previously unavailable opportunities, which in the past have been accessible only to specific groups and individuals.
“WORBLI is dedicated to empowering businesses and users. TokenOro is one of many innovative blockchain projects WORBLI is working with to bring new opportunities to everyone,” Domenic Thomas, CEO of WORBLI said. “Individuals are often limited to products like internet stock trading, mutual funds, and employer-issued retirement accounts. WORBLI is engaging businesses to bring a wider range of financial opportunities to users.”
Tokenizing gold-based securities provides an immutable ledger of all tokens sales enabling the distribution of the securities via smart contracts. This simplifies the process considerably. These processes can be automated in the future via custom software being created by the WORBLI foundation and its partners. This security token offering will only be available to accredited investors in the early stages, but TokenOro has begun the regulatory processes to open it up to individual investors globally in the future. WORBLI supports the drive TokenOro has to create better opportunities for people around the world.
This first pass at tokenizing such a project will lay the groundwork for future projects to do the same while saving time and money.
TokenOro CEO Jim Mckenzie has over 50 years as a global executive with 22 years in the precious metals and mining industries and is the Chairman of Alamako International and CEO of Golden Rule Mining.
“Having TokenOro on WORBLI is a perfect fit. Between development and marketing, the resources WORBLI brings to the table are tremendous. With WORBLI’s help, TokenOro is providing access to a token that will fundamentally disrupt an industry in a positive way,” McKenzie said.
The business development team at WORBLI is selecting the best enterprise-level applications to build out its ecosystem of fintech applications. WORBLI expects dozens of applications to launch in 2019. In addition to TokenOro, several applications are to launch on WORBLI in the coming months including an innovative trading platform, a decentralized risk transfer application built for the insurance industry and digital asset to fiat currency conversion as a key account feature.
WORBLI is developing relationships with businesses who are building the next generation of banking and payment applications. These applications will enable a new era where transactions in and out of cryptocurrencies are simple, fast, and affordable.
To learn more, visit:
Interesting – on a side note – the press release comes with a legal disclaimer – an indictor that new blockchain projects are a) looking at operating as STOs and b) are taking legal advice. For what it is – here it is
Nothing contained in this press release constitutes a solicitation to acquire the TokenOro token, a recommendation of TokenOro or the acquisition of the TokenOro token or an endorsement by WORBLI of the same to any person. Nothing contained in this press release constitutes or shall be deemed to constitute financial, legal, tax or other advice of any kind.
This release is published solely for informational purposes and has no regard to the specific objectives, financial situation or particular needs of any person. Information contained herein is believed to be reliable but no warranty is given as to its accuracy or completeness and views and opinions are subject to change without notice.
This press release is not directed at any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where the content of this press release would be contrary to law or regulation or which would subject us to any registration or licensing requirement within such jurisdiction.
WORBLI, INCLUDING ITS DIRECTORS, AGENTS, EMPLOYEES, CONTRACTORS AND PARTNERS DISCLAIM, IN FULL ACCORDANCE WITH THE LAW IN FORCE, ANY LIABILITY FOR LOSSES OR DAMAGE OF ANY KIND ARISING DIRECTLY OR INDIRECTLY AS A RESULT OF: (1) YOUR RELIANCE ON THE INFORMATION CONTAINED WITHIN THIS PRESS RELEASE, (2) YOUR ACQUISITION OF TOKENORO SECURITY TOKENS, (3) THE CONTENT OF THIS PRESS RELEASE, IN PARTICULAR ITS UP-TO-DATE NATURE, ACCURACY AND COMPLETENESS (4) ERRORS OR OMISSIONS IN THE RELEASE; (5) USE OF OR ACCESS TO THE PRESS RELEASE.