Chad Olivent, Diamondback Group President, said, “The DBK coin offers a stable alternative for traders seeking relief from inherent cryptocurrency volatility. It provides a safe alternative to many devaluing fiat currencies, and the ‘DiamondBack Trust model’ provides traders with the assurances needed for a safe stablecoin. We selected AlphaPoint as the first digital asset exchange provider for the DBK coin because of their unparalleled installed base, and their support of over 100 digital assets.”
The DBK coin, asset-backed with rare, investment grade, certified diamonds, will be available on selected exchanges at a 1:1 ratio with the 2019 US$. The DBK coin is cryptographically registered, insured; and pending licensing under the auspices of the government of Bermuda. The diamonds are insured by Lloyd’s of London, stored with Brinks, and periodically audited by PwC.
Igor Telyatnikov, AlphaPoint co-founder and President, added, “AlphaPoint’s mission is to ‘make illiquid assets liquid.’ We are excited to give our client exchange operators the opportunity to offer new, interesting asset classes, such as tokens linked to diamonds.”
BITPOINT has geared up its offering by incorporating AlphaPoint's technology that appeals to retail enthusiasts, high-volume traders, and institutional players alike.
Existing and new global exchange, brokerage, and wallet operators will now be able to offer yield solutions integrated with CeFi & DeFi options.
Regulatory approval marks a major milestone for Digital Assets Offering in the region .
Following Bitazza’s acquisition of a digital asset broker license from Thailand’s Ministry of Finance, the company has taken its first step towards regional expansion, using AlphaPoint’s newly developed brokerage technology solution.
