CoinField is set to launch the first initial exchange offering (IEO) of Sologenic on February 18th, with CEO Bob Ras hoping it will prove to be another step on the way to the company becoming the "backbone of financial markets."
The Sologenic ecosystem is built on top of the XRP ledger and aims to merge traditional financial markets with crypto assets.
"In five years we see the company as the backbone of financial markets, offering 30,000 stocks and ETFs in one platform," Ras told BLOCKTV. "The fact that we can tokenize any stocks on demand and you can keep these tokenized assets on your cold wallet makes it super interesting."
After the successful launch of the VIP-Pre Sale, CoinField is offering participants the opportunity to buy SOLO during the public IEO sale, which will commence from February 18-25th.
Ras explained the thinking behind the choice of XRP.
"XRP has the fastest blockchain network at this moment. You can transfer digital assets within seconds and that is one of the reasons we selected XRP," Ras added.
Ras believes Sologenic can help create a new financial ecosystem.
"Traditional financial markets have a huge volume which isn't even comparable to where we are in the crypto market at the moment," he noted. "If we can create a bridge between these two markets we are going to see more volume into the crypto markets and that is the key."