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     177  0 Kommentare Mina Foundation and Mirae Asset Financial Group Collaborate to Advance Privacy-Preserving Security Token Offering Integration Platform With Zero-Knowledge Technology

    As the estimated market capitalization of Real World Assets surpasses $7 billion, the collaboration is aimed at building a privacy-preserving security token offering integration platform that maintains regulatory compliance

    GENEVA, June 21, 2024 /PRNewswire/ -- Mina Foundation, the organization serving the Mina Protocol, a zero-knowledge (ZK) blockchain, has signed a strategic memorandum of understanding (MoU) with Mirae Asset Financial Group (MAFG) concerning MAFG's proposed development of a security token offering integration platform on the Mina Protocol. Aimed at preserving user privacy while maintaining regulatory compliance, this proposed platform will be designed with a goal to enable eligible users to benefit from security token ownership as the market for Real World Asset (RWA) tokenization expands.

    Transparency, a key feature of Ethereum and other blockchains, may be a barrier to institutional adoption, as many traditional investors and companies may prefer or require greater privacy with respect to their transactions. With increasing interest in the tokenization market following spot Bitcoin ETF and spot Ethereum ETF 19b-4 filings approvals this year, there is demand for a regulatorily compliant, privacy-preserving solution that grants eligible participants exposure to this market, yet is designed with the goal of avoiding public disclosure of personal data, such as wallet information. Furthermore, as the tokenization industry matures, developing a regulatory-compliant solution arguably is necessary for the industry's long-term survival. Focused on meeting the needs of the community and participants in the APAC region, this project is expected to be developed in collaboration with one of the winners of Mina Protocol's hackathon at ETH Seoul 2024.

    The MoU was signed in Seoul in the presence of David Park, Director of Asia Growth Strategy at the Mina Foundation, and Jihae Ryu, Director of the Digital Asset Task Force at MAFG. David Park said, "At Mina Foundation, we are committed to supporting the enhancement of privacy and making blockchain transactions even more secure. Our MoU with MAFG is a reflection of this commitment. Through this collaboration, we hope to extend the benefits of zero-knowledge proofs to a wider audience and instill confidence with the aim to enable users to prove ownership of their assets without the need to share publicly any other sensitive or personal data. We hope this development utilizing the Mina blockchain will pave the way for further expansion of ZK use cases among other financial institutions, across geographies."

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    Mina Foundation and Mirae Asset Financial Group Collaborate to Advance Privacy-Preserving Security Token Offering Integration Platform With Zero-Knowledge Technology As the estimated market capitalization of Real World Assets surpasses $7 billion, the collaboration is aimed at building a privacy-preserving security token offering integration platform that maintains regulatory compliance GENEVA, June 21, 2024 …

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