Solum Global, Inc. has teamed up with ARYZE to launch two new digital currencies: sgUSD, a stablecoin backed by the U.S. dollar, and sgGOLD, a gold-backed digital currency. These currencies will operate across multiple blockchains like Ethereum and Binance Smart Chain while following regulatory guidelines. This partnership will also provide custodial banking support to help Solum Global expand globally. According to ARYZE’s CEO, Jack Nikogosian, these offerings will enhance transparency and compliance in digital finance. Solum Global’s CEO, Geary Stonesifer, expressed excitement about collaborating with ARYZE, noting their expertise in the crypto space. Both companies aim to make digital assets accessible and trustworthy for users worldwide.
Solum Global Partners with ARYZE to Launch New Stablecoins
In an exciting development for the cryptocurrency world, Solum Global, based in West Palm Beach, Florida, has announced a strategic partnership with ARYZE. This collaboration aims to launch two innovative digital currencies: sgUSD, a U.S. dollar-backed stablecoin, and sgGOLD, a gold-backed digital currency pegged to gold prices. This partnership is expected to enhance digital finance by integrating cryptocurrencies with real-world assets.
The launch of sgUSD and sgGOLD will take place across various blockchain platforms, including Ethereum and Binance Smart Chain. This multi-chain approach aligns with both companies’ commitment to adhering to established regulatory standards. The partnership also aims to provide essential custodial banking relationships that will support Solum Global’s worldwide expansion.
Jack Nikogosian, CEO of ARYZE, emphasized the importance of these new offerings, stating, “The issuance of sgUSD and sgGOLD represent a practical next step for those looking to engage with digital assets responsibly.” He highlighted the focus on transparency and compliance, which are crucial for fostering trust in digital finance.
Geary Stonesifer, CEO of Solum Global, expressed enthusiasm about the partnership, praising ARYZE’s deep understanding of the technical and regulatory aspects of the cryptocurrency space. This collaboration promises to offer secure and compliant solutions for users looking to navigate the evolving digital finance landscape efficiently.
About ARYZE
ARYZE, based in Copenhagen, Denmark, is dedicated to making digital finance user-friendly. Their stablecoin platform enables businesses and institutions to issue fully backed, compliant digital currencies. By combining security, interoperability, and clarity, ARYZE exemplifies commitment to bridging traditional finance with blockchain innovations.
About Solum Global, Inc.
Solum Global operates a decentralized digital network that facilitates trading and transferring digital assets and gold globally. Their advanced decentralized finance (DeFi) solutions are designed to integrate digital currencies with real-world assets seamlessly.
As both Solum Global and ARYZE take on this significant venture, stakeholders and users can look forward to a more stable and accessible digital finance ecosystem that prioritizes compliance and transparency.
For more information about ARYZE, visit www.aryze.io and for Solum Global, go to www.solum.global.
Tags: Solum Global, ARYZE, stablecoin, digital currency, cryptocurrency news, sgUSD, sgGOLD, blockchain partnerships.
What is the partnership between Solum Global Inc. and ARYZE about?
The partnership between Solum Global Inc. and ARYZE focuses on creating better solutions for digital finance. They aim to combine their strengths to enhance the way businesses and consumers manage money digitally.
How will this partnership benefit customers?
Customers will benefit from improved financial services and easy access to innovative tools. This means better user experiences and more options for managing their finances through advanced technology.
What kind of technology will they use?
The partnership will leverage cutting-edge technology like blockchain and secure payment systems. This allows for faster transactions and enhanced security for users, making digital finance safer and more reliable.
Is this partnership available globally?
Yes, the partnership aims to reach customers all around the globe. They seek to improve digital finance solutions for people and businesses everywhere, making it easier for anyone to access these services.
How can businesses get involved with this partnership?
Businesses interested in joining this partnership can reach out through the official websites of Solum Global Inc. and ARYZE. They can explore various collaboration opportunities to enhance their own financial services with the innovative solutions offered through this partnership.