• HiFi Finance and Crown Ribbon are working together to bring horse syndicates onto the blockchain and offer token holders a unique, SEC-compliant security that pays dividends.
• Tokenization of real-world assets allows a broader audience to invest and gain financial exposure to experiences such as horse ownership and can also serve as a growth tool for syndicates.
• The goal of this partnership is to provide liquidity to syndicate owners and disrupt the performance horse industry.
HiFi Finance and Crown Ribbon are working together to revolutionize the way real world assets, specifically horse syndicates, are valued and traded. HiFi Finance is a decentralized lending and borrowing protocol that provides fixed-rate loans. Crown Ribbon provides legal guidance and assistance with filing exemptions with the SEC, acts as custodian for the ownership papers of the horses, and handles the issuance and audit of digital assets. The goal of this partnership is to provide liquidity to syndicate owners and disrupt the performance horse industry.
Tokenization of real-world assets allows a broader audience to invest and gain financial exposure to experiences such as horse ownership and can also serve as a growth tool for syndicates. By tokenizing horse syndicates, investors will have the opportunity to purchase fractional ownership of a horse, as opposed to full ownership. This will allow for a greater level of diversification and risk management. Additionally, it will provide greater liquidity to syndicate owners, allowing them to sell their stakes more easily.
Crown Ribbon also offers widgets and ACH payments to make the user experience more accessible for those who may not be technologically savvy. This partnership with HiFi Finance is a step towards furthering the development of the DeFi space and will lead to more real-world asset tokenization. By making these assets more accessible, it will open up new avenues for investors and help reduce the cost of ownership. This could potentially revolutionize the performance horse industry by making it easier and more cost-effective to invest in horse syndicates.