New Partnership Alert 🚨: E Money Network MiCA Compliant Blockchain for #RWA
We are excited to share that Phyken Network recently partnered with E Money Network, a pioneering public permissioned blockchain that integrates Know Your Customer (KYC) and Anti-Money Laundering (AML) processes onchain.
E Money Network offers a MiCA-compliant infrastructure with robust, bank-grade security. It acts as a bridge between #Web2 and #Web3, enabling users to tokenize tangible assets such as green energies (RWA), manage assets, and NFTs. This collaboration represents a significant milestone in bridging the gap between green energy finance and blockchain technology.
MiCA institutes uniform EU market rules for digital assets. The regulation covers digital assets that are not currently regulated by existing financial services legislation. Key provisions for those issuing and trading digital assets (including asset-reference tokens and e-money tokens) cover transparency, disclosure, authorization, and transaction supervision.
The legal framework will ensure market integrity and financial stability by regulating public offers of green energy RWAs. Phyken Network can securely tokenize Green RWAs through these integrated compliance systems, promoting RWA growth and DeFi compliance with regulatory standards.
E Money Network
E Money Network is an open-source blockchain framework designed to support EVM-compatible blockchains. With Tendermint and IBC compatibility, it enables inter-blockchain communication and brings decentralised finance (DeFi) capabilities to a single blockchain network.
About Phyken Network
RWA tokenization and fractionalization protocol focused on bringing green and renewable energy assets on-chain.
