One of the leading digital asset firms referred to as FBG Capital, has just been announced to be the leading investor that is found in the Universal Protocol Platform (UPP). It is a project that has been designed for the interoperability of assets that have been blockchain based that has been launched by an alliance of various crypto coin companies.
The UPP project is going ahead to initiate a digital reserve ecosystem that will be able to allow for secure transfer of various digital currencies and also digital assets that could be used in nearly all the current decentralized networks.
More About The Universal Protocol Platform
The platform has also designed a UPP proxy token as a digital representation of the current underlying asset; this is from Ethereum blockchain to even bitcoin. But this is not all as it has been designed to be compatible with various smart contracts. As a holder you are able to seamlessly exchange the Proxy Tokens that has been designed to represent the different assets that are available on the chain.
The current value of the Proxy has been fully backed by matching assets which has been kept in a professional custody of the company reserve.
According to Richard Liu of the FBG capital, they are very thrilled in leading the initial round of the investment in the UPP. With the unique design of the Proxy Token, it will inevitably introduce an array of features that have not been made available to the crypto market.
Not forgetting the experience plus the strength that is backing the current team plus the coalition of various companies that have ensured they have come together in building this advanced technology will surely have the crypto community moving forward. As a result, the FBG company is very happy to be part of this significant project.
The Proxy Tokens that have been designed on the Universal Protocol Platform aims in addressing the most significant challenges that are facing the users within the blockchain technology. This is all by allowing the use of instant and also seamless transfer across the various decentralized platform that is available. As a result, the FBG company has been able to provide a common language in which the incompatible protocols that are present in the market are able to reason appropriately with each other.