EGW Capital, the blockchain investment bank has clarified that it will use DigiByte blockchain technology for the real estate tokenization in the coming few weeks.
The company also says it may launch blockchain point of sales in India for upcoming RZE stable coin (pegged against the US dollar). The technology will be used to tokenize assets worth US $100 million based in India.
The EGW Academy tokens will be issued on the Ethereum platform whereas DigiByte will be strictly used for the real estate tokenization.
The tokens of EGW Capital (EGWCAP) slipped 27% yesterday to trade under $10 on assumption that company is shifting from Ethereum blockchain. The massive sell off made EGWCAP lose over $400 million in market cap.
EGW Capital is also exploring partnership opportunities with DigiByte where it may launch blockchain point of sales in India for upcoming RZE stable coin (pegged against the US dollar).
Yesterday, the tokens of EGW Academy were issued on the Ethereum blockchain due to the requirement of the exchange it will be listed on.
DigiByte is a new technology which we wish to test and try,” said Rahul Kumar, CEO of EGW Capital, describing it as a “beautiful blockchain technology”.
