(via NewsDirect)
Founded in 2018, LC Lite specializes in trade finance through permission tokens on a private blockchain, aiming to create a new ecosystem within the trade finance industry by digitizing receivable financing.
Travia told Proactive that
This partnership focuses on the tokenisation of real-world assets, a promising sector in the Web3 space.
Devin said LC Lite's objectives through this partnership include launching a token by the end of the year, integrating the value chain of asset management in a vertically integrated model, and bridging real-world and digital assets. This aims to generate yields and capital appreciation for investors while providing financing to suppliers, bringing real-world assets into the DeFi and crypto world.
Travia also touched on the current crypto market sentiment, with significant improvements noted in the prices of Bitcoin and Ethereum, and the anticipation of further opportunities due to regulatory developments and the upcoming Bitcoin halving.
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