{"id":63509,"date":"2023-11-03T03:56:42","date_gmt":"2023-11-03T07:56:42","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=63509"},"modified":"2023-11-03T03:57:51","modified_gmt":"2023-11-03T07:57:51","slug":"arta-partners-with-chainlink-labs-to-forge-new-compliant-investment-tokens","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/arta-partners-with-chainlink-labs-to-forge-new-compliant-investment-tokens\/","title":{"rendered":"Arta Partners with Chainlink Labs to Forge New Compliant Investment Tokens"},"content":{"rendered":"\n

Arta has partnered with Chainlink Labs to develop cross-chain fund tokens<\/a> that are consistent with regulations.<\/p>\n\n\n\n

\"Arta
Arta Partners with Chainlink Labs to Forge New Compliant Investment Tokens<\/figcaption><\/figure>\n\n\n\n

Chainlink Labs and Arta are collaborating to create a new class of investment token compliant\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> with financial standards and operate on several blockchain systems.<\/p>\n\n\n\n

\n

The Chow Tai Fook family, Hong Kong's top consortium, announced that it is cooperating with Chainlink Labs to develop compliance and cross-chain interoperability fund tokens on major public chains. The product is subject to regulatory approval. https:\/\/t.co\/sJUutLt4Om<\/use><\/svg><\/span><\/a><\/p>— Wu Blockchain (@WuBlockchain) November 2, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

Customers of Arta will be able to purchase goods with these tokens using standard currency, such as dollars or euros. However, the company must first obtain regulatory approval from banking authorities.<\/p>\n\n\n\n

Investors can purchase these new tokens using their chosen blockchain network by utilizing Chainlink's technology<\/a>. They can profit from investments in regular cash at the same time. <\/p>\n\n\n\n

In summary, this breakthrough will establish a link between traditional investing and the cryptocurrency sector. Pending the required approvals, Arta's branch, Arta Global, may be in charge of handling the money and selling these tokens. For now, it's a waiting game to see if regulators give the green light for the new blend of blockchain investment<\/a> and fiat money.<\/p>\n","protected":false},"excerpt":{"rendered":"

Arta has partnered with Chainlink Labs to develop cross-chain fund tokens that are consistent with regulations. Chainlink Labs and Arta are collaborating to create a new class of investment token compliant with financial standards and operate on several blockchain systems. Customers of Arta will be able to purchase goods with these tokens using standard currency, […]<\/p>\n","protected":false},"author":43,"featured_media":63511,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5881,17056,17055],"class_list":["post-63509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chainlink-labs","tag-arta","tag-investment-tokens"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/croc_1698996962005.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=63509"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/63509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/63511"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=63509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=63509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=63509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}