BANGKOK, April 23,
2024 /PRNewswire/ -- At Money 20/20 Asia from April 23 to
25, digital public infrastructure PlatON showcased its
latest advancements and real-world applications in deposit
tokenization technology to a global audience through its
cutting-edge Web3 payment solutions, including TOPOS MINT, a
blockchain-based professional tokenized deposit issuance system,
TOPOS RemiNet, a DEX-based open remittance network, and
TOPOS, an on-chain payment acquiring product.
Deposit tokenization is a game-changing innovation in the
fintech industry as it transforms the form and trading
modes of traditional financial assets. By converting deposits
into blockchain-based tokens, deposit tokenization not only boosts
asset liquidity but also offers more efficient and cost-effective
solutions for cross-border payments and financial transactions. As
the demand for more flexible payment and settlement mechanisms
continues to rise in the global financial markets, deposit
tokenization technology is emerging as a crucial driver of
innovation in the financial industry.
At Money 20/20 Asia, PlatON
showcased cutting-edge technology that not only demonstrates its
expertise in the fintech sector but also signifies a significant
step forward in driving payment technology innovation. Engaging
with fintech leaders from across the globe, PlatON discussed how
blockchain can revolutionize the financial industry, while actively
pursuing opportunities to expand its business and influence in the
Asian market and beyond.
PlatON placed a spotlight on its TOPOS MINT tokenized deposit
issuance system, offering financial institutions a solution to
deploy compliant deposit tokens independently. This aims to provide
stable crypto assets meeting regulatory
requirements for the digital economy. Additionally, PlatON
showcased TOPOS RemiNet, an open remittance network leveraging
blockchain technology to facilitate fast and cost-effective
cross-border payments, significantly enhancing global financial
inclusivity.
PlatON presented two payment methods, QRPAY and ZKPAY, as part
of its on-chain payment acquiring solutions.
Embodying the decentralized and open nature of
blockchain technology, the two products enable payment verification
and fund settlement between merchants and users in both push
payment and pull payment modes through smart contracts and
zero-knowledge proof technology without relying on centralized key
management institutions. This paves the way for a very promising
technical solution for future fully decentralized
commercial payment scenarios.
"Our presence at Money 20/20 Asia showcased our full technical prowess.
We've not only made strides in deposit tokenization technology but
also demonstrated our on-chain payment solutions' capabilities in
cross-border payments and payment clearing network construction. We
eagerly anticipate collaborating with our peers in the global
fintech industry to drive payment technology innovation and
contribute to the advancement of the digital economy," suggested
PlatON founder Lilin Sun.
PlatON's participation aimed to explore collaboration
opportunities with global fintech leaders, driving the adoption and
innovation of blockchain technology in Asia and around the world. Through interactive
displays and professional discussions, PlatON provided attendees
with a hands-on demonstration of its technology's real-world
applications and future development potential. At Money 20/20
Asia, PlatON seeks to connect with various partners to
collectively explore emerging opportunities for blockchain
technology in fintech and achieve mutually beneficial
development.
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SOURCE PlatON