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By Amber - RWA Tokenization on Stellar
Amber aims to launch a protocol to tokenize real world assets on Stellar network.
Creation of ZET: Real World Asset “RWA” Tokens on Stellar ecosystem
Amber Group is a global leading digital asset company providing crypto financial services to both institutional and high-net-worth investors globally. We offer best-in-class liquidity solutions and cutting-edge trading infrastructure across major exchanges, applications, and networks. With over $1 trillion in cumulative trading volume, our deep liquidity helps power the digital asset ecosystem. Beyond trading, our full-suite of offerings includes wealth management, lending and investing products. But at our core, we focus on building strong relationships and delivering personalized service to help clients navigate this fast-growing industry. At Amber, security is our #1 priority. We have invested years of effort and millions of dollars in cybersecurity, crypto-security, and operational security across the firm, with industry-leading certifications like SOC 2 Type II and ISO 27001. Powered by a 400+ team of traders, technologists and engineers operating 24/7 globally, our technology and research capabilities are world-class. Yet we remain entrepreneurial, always seeking fresh ideas and risks worth taking. We are always interested in people who have an appetite for taking calculated risk, demonstrate a high level of original thinking and intellectual curiosity.
We believe that we can leverage our strengths to drive more adoption on Stellar by creating tokenized assets including tokenizing US treasury bills and offering them to our global markets, with a strategic focus on targeting Asia markets. Amber aims to launch a protocol, tokenizing short term US Treasury bills on the Stellar network. Notably, the underlying assets will be custodized by UOB Kay Hian, one of Asia’s largest licensed brokerage firms headquartered in Singapore. We see strong merit in having crypto native RWA that is accessible, yet fully regulated and compliant as this will inspire confidence of investors.
Amber is requesting funding of ($150,000) for: - Creation of ZET Token: tokenized Real World Assets “RWA” - Support for Stellar USDC deposits - Creation of the onchain ZET protocol (built on Soroban) to tokenize RWA position, onto the Stellar network - Develop regulatory compliant flow and seek legal guidance - Launching MVP of RWA protocol and token on Stellar blockchain - Supporting of minting and redemptions of existing positions
Expected Use of Funds
Activation Grant ($50,000) - Development of Smart Contract for RWA tokens MVP, token issuance, testing: $50,000
Community Grant ($100,000) - Building up frontend, backend, UI and application integration to support protocol in existing Amber products: $50,000 - Compliance and legal operation work required to launch the ZET protocol and token: $50,000
Total budget required: US$150,000
Deliverables
Creation of RWA token on Stellar Blockchain
Integration with Stellar
Building front-end execution system for automated subscription via USDC-Stellar
For WhaleFin Users:
For Non-WhaleFin Users:
Milestones
Activation ~ $50,000 (4-5 weeks)
Product Launch ~ $100,000 (8 - 10 weeks)
Product Launch and Adoption ~ $50,000 - To generate interest and adoption of ZET tokens on Stellar blockchain by providing users with access to T-Bills yield through digital asset subscription (USDC-stellar). Target TVL $1,000,000 USD equivalent.
Compliance and Legal work setup $50,000 - Fully compliant KYC / AML platform with external vendors (Jumio, Thomson Reuters) - Customer wallet whitelisting mechanism for USDC-Stellar. Deposit and withdrawal anti-money laundering monitoring and risk assessment that comply with international regulations, as well as connecting with third-party KYT service providers (such as Elliptic) for deposit and withdrawal risk monitoring. - Amber as fund manager to use regulated custodian (UOBKH) for T bill custody.
Conclusion
Amber is bridging the gap between traditional financial markets and digital asset markets by providing market participants access to real world assets by using digital assets which are custodized by regulated custodians. Amber is facilitating the accelerated integration of traditional financial tools with digital asset markets. Through this project, Amber aim to increase the adoption of RWA assets through acceptance of digital assets.
$50.0K
Kenneth Yeo
No other submissions.