Yoshi Markets And Tezos Gulf Partner To Develop A Solution For Tokenized Assets Using Tezos

by | Apr 27, 2022 | Adoption, Digital Securities, Latest

As per the agreement, Yoshi Markets and Tezos Gulf will develop and offer a solution to tokenize assets using the blockchain for trading, custody, and settlement of digital security tokens.

Yoshi Markets And Tezos Gulf Collaborate On Tezos Tokenized Asset Solution

Yoshi Markets is a Multilateral Trading Facility and Custodian, based in Abu Dhabi Global Market, UAE.

The Abu Dhabi Global Market is an international financial centre and free zone located on Al Maryah Island in the United Arab Emirates’s capital, Abu Dhabi.

Yoshi Markets chose to be based in the Abu Dhabi Global Market (ADGM) due to an: “enlightened virtual asset regulatory framework, rapidly growing virtual asset industry in the region, concentration of global financial institutions and a trusted regulatory regime.”

Yoshi Markets have recently received the Financial Services Permission from the ADGM FSRA to operate as an MTF and Custodian for virtual assets.

It’s team has a wealth of experience and includes Founder and Chief Executive Officer Arshad Khan who contributed to the set-up of Dubai Gold and Commodities Exchange (“DGCX”) and was part of the core team that established Multi Commodity Exchange of India.

Today it was announced that Yoshi Markets had collaborated with Tezos Gulf in order to develop and offer a solution to tokenize assets using the blockchain for trading, custody, and settlement of digital security tokens.

The financial assets will take the form of “Digital Security Tokens” using Tezos’ proprietary protocol, and open-source blockchain protocol which is supported by a global community of validators, researchers and builders.

Yoshi Markets would then offer these Digital Security Tokens for trading on its (MTF) and also store these tokens in its custody.

On the new collaboration Mustafa Kheriba, Executive Chairman, Yoshi Markets said:

“The objective of Yoshi Markets is to democratize financial market products through the use of blockchain. We are delighted to collaborate with Tezos, a market leader in transforming everyday assets to digital tokens using Tezos Protocol.

As a fully regulated platform offering trading and custody services, Yoshi Markets endeavors to offer innovative and ready-to-use products using the blockchain technology on receiving regulatory approval.”

Waleed Rassuli, Head of Tezos Gulf commented:

“The Middle East, especially the UAE, is leading the way when it comes to encouraging virtual assets, and investment technologies like ours will only enable more people to expand their portfolios and access new investment opportunities.

After evaluating several options, we decided to collaborate with Yoshi considering the extensive exchange expertise of the management team and infrastructure that they have set up.”

Arshad Khan, Founder & CEO added:

“Digital Security Tokens will revolutionize how financial products are traded – the trust and transparency it offers will only make it more attractive.

We believe more assets will be traded and settled in tokenised form in the next 2 – 3 years as financial institutions adopt the blockchain and its resulting benefits of security and transparency.

Yoshi Markets wants to be a leader in innovation and so we want to be ready with these products when the market desires them.”

What’s Next

The two partners look set to continue to develop solutions as Arshad Khan said:

“It took a lot of hard work for both organisations to achieve this milestone. Looking forward to continue our good work with Waleed Rassuli and rest of Tezos team”

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