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The ERC-7621 Token Standard is designed to facilitate the creation of on-chain, multi-asset tokenized baskets, offering a new framework for managing investment portfolios. By enabling the deployment of Basket Tokens, which can hold a variety of underlying ERC-20 tokens, the standard seeks to introduce a more versatile and efficient approach to fund management.
Utilizing the Ethereum blockchain, the ERC-7621 Token Standard aims to bridge the gap between the flexibility of blockchain technology and the needs of traditional investment vehicles. A pivotal component of this effort is the
The collaboration between
"Embracing innovation and the tokenization of financial assets remains a cornerstone of our strategy at
"Through this partnership, we're doubling down on our commitment to drive technological innovation in blockchain infrastructures, aiming to enhance the accessibility and efficacy of investment platforms," remarked
The initiative is a testament to the growing recognition of blockchain's potential to enhance the financial industry's infrastructure, offering solutions that promise greater transparency, security, and efficiency
About Alvara Protocol
The Alvara Protocol revolutionizes decentralized finance (DeFi) by offering a platform for easily creating personal investment funds, democratizing the role of fund manager and lowering entry barriers in financial management. Enabled by the innovative ERC-7621 token standard, it introduces Basket Tokens (BTS) for on-chain multi-asset aggregation, simplifying the management and investment in diverse portfolios through a unified platform.
About
For media inquiries, please contact:
Chief Executive Officer info@spiritblockchain.com
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors that could materially affect such forward-looking information are described under the heading “Risk Factors” in the Company’s long form prospectus dated
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