Let's take a closer look at what AllianceBlock is all about.
What is AlliaceBlock (ALBT)?
Described as the world's first globally compliant capital market, AllianceBlock was founded in August 2018 by Rachid Alaja, Amber Ghaddar, and Matthjis De Vries.
The venture was introduced to democratise access to capital market investments alongside offering traditional financial institutions a platform to digitise their assets.
AllianceBlock prides itself on being a bridge that connects the world of traditional finance (TradFi) and decentralised finance (DeFi).
The platform introduces what's known as a blockchain-agnostic layer 2 protocol called Prometheus that helps institutions automate or convert any digital dollar or crypto asset into a bankable product.
AllianceBlock offers its users an opportunity to issue, transfer, and own tokenized digital assets of all kinds and allows its user base to interact within a cryptographic ecosystem bounded by a set of compliance protocols, which makes the network stable for all sorts of trades.
The platform segregates its onboarding based on the different kinds of clients it interacts with on a daily basis.
For investors looking forward to accessing AllianceBlock's range of services, the platform follows the standard procedural route of creating an investor profile, which, through intelligent A.I sensing, is matched with various offers that could be of interest to the newly onboarded investor.
In the case of issuers, AllianceBlock follows a similar onboarding process, but it also aids issuers by providing support with book-building, subscription, and pricing.
Once the issuer's offer is available in the market, AllianceBlock provides additional assistance to these issuers by carrying out duties related to execution, ownership validation, clearance, settlements, and payment management.
The protocol has already established a successful market reputation and has several important use cases.
For starters, AllianceBlock's platform simplifies cross-border payments that are often riddled with compliance and regulatory issues.
Since AllianceBlock is a globally compliant entity, it removes regulatory hurdles for issuers by securing regulated security offerings. The platform also helps issuers by delivering a fast and hassle-free issuance lifecycle.
ALBT is the native token of the AllianceBlock ecosystem. The token is designed to incentivize member participation and rewards are offered to those who bring value to the AllianceBlock ecosystem.
The token is extensively used by investors for staking purposes.