In this episode of the Slatecast, host Akiba and Doug from HiFi Finance discuss the potential impact of decentralized finance (DeFi) on tangible real-world assets, specifically through tokenization. HiFi Finance is a decentralized lending and borrowing protocol that fixed-rate loans. Its partnership with Crown Ribbon aims to bring horse syndicates onto the blockchain and offer token holders a unique, SEC-compliant security that pays dividends.
Crown Ribbon offers legal guidance and assistance with filing exemptions with the SEC, acts as custodian for the ownership papers of the horses, and handles the issuance and audit of digital assets. The goal is to provide liquidity to syndicate owners and disrupt the performance horse industry. Doug notes that although horse syndicates may not be the most technologically savvy, the user experience can be made more accessible through widgets and ACH payments.
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