Yoshi Markets and Tezos Gulf to develop digital tokenised asset ecosystem

Yoshi Markets and Tezos Gulf to develop digital tokenised asset ecosystem

Abu Dhabi: Yoshi Markets Limited, a Multilateral Trading Facility (MTF) and custodian for virtual assets, regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA) today announced the signing of an agreement with Tezos Gulf, to collaborate and develop the nascent securitised digital token space on the Tezos blockchain.

As per the agreement, Yoshi Markets and Tezos Gulf will develop and offer a solution to tokenise assets using the Distributed Ledger Technology (DLT) for trading, custody and settlement of digital security tokens.

The underlying 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. Yoshi Markets recently received the Financial Services Permission from the ADGM FSRA to operate as an MTF and Custodian for virtual assets. As Yoshi Markets gears up to launch vanilla crypto assets such as BTC, Ether and others, it is also developing a pipeline of innovative product offerings such as Digital Security Tokens, subject to receiving the necessary regulatory approvals for Digital Securities.

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