LuxFi Forms Partnership with STASIS
LuxFi is pleased to announce our collaboration with STASIS, a crypto-enabler platform that aggregates solutions from licensed financial intermediates to provide an institutional-grade link between the decentralized finance world and the off-chain market.
STASIS team pioneers commercialization of stablecoin use cases: acquiring, DeFi lending, remittance, and white-label corporate settlement. Since its emergence in 2017, STASIS functioned as the most transparent and institutional-friendly part of the European blockchain ecosystem through the strategic intersection of licensed financial intermediaries and distributed ledger technology.
The euro-backed stablecoin created by the STASIS project team to raise the quality of asset-backed digital tokens managed to capture the biggest market share among peers. Currently, EURS is the largest stablecoin backed by the world’s second most-traded currency and ranks as top-10 stablecoin globally.
STASIS’ tokenized assets always have a 1:1 ratio collateral that is kept in accounts. The company has the expertise and excellent reserve verification streams such as audits by a top-5 major international accounting firm that enables investors to trust that their tokens are secured.
$EURS keeps the benefits of blockchain technology with the stability of the euro. Many cryptocurrency holders are prone to risk, but since all EURS are backed with fiat euro, there is no risk for investors and everyday users, who can always exchange their digital assets thanks to the Sellback Service.
Through this partnership, LuxFi will accept STASIS tokens as a payment method in LuxFi’s NFT Marketplace. STASIS is the very first stable coin company that LuxFi will collaborate with.
We are excited to welcome STATIS to our community as we continue to expand the ecosystem and further the growth of the company. For more updates, don’t forget to follow us on social media!
STASIS pronounced stey-sis: In physics, stasis refers to the balancing of various forces in order to reach equilibrium or keep something in one place. The tokenization services account for all the forces that affect a digital asset, from technology to corporate structure, from government relations to public relations. To do this, STASIS pulled together an ecosystem of licensed financial intermediaries, top law firms, and a top global accounting firm. Each party contributes to the ecosystem based on their own particular expertise, allowing them to create a comprehensive framework for tokenization and ensure that a digital asset mirrors its off-chain counterpart in the long run. Despite shifting regulatory and economic environments, the assets STASIS tokenize stay the same; they’re in stasis.
The team consists of IT and finance experts with fintech backgrounds. The EURS issuer is advised by highly skilled third-party professionals with international experience in investment, asset management, legal, accounting, regulatory, and business development.
LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payment methods. Leveraging on our big data intelligence system and unique algorithm for automated data collecting and data processing, we eliminate counterfeiting while minting an NFT on our multi-chain blockchain network. As we focus on luxury assets that hold value well and have a high reselling value, we also provide an accurate NFT pricing that is backed by real-world data.
Stay tuned on our social media channels:
Telegram Announcement Channel: https://t.me/luxfinews
Telegram Official Group: https://t.me/Luxfiofficial