Hyperion Exchange to List Kinesis Money’s Kinesis Velocity Tokens (KVT) as Stable Coin

Hyperion Exchange Has Announced That It Has Signed An MOU With Kinesis Money To List Bullion-Backed Stable Coin.

The SEC-regulated security token exchange, a leading exchange for security tokens in North America, said the purpose of the MOU is to list the Kinesis Velocity Token (KVT) created by the Kinesis Monetary System on the Hyperion Exchange. Hyperion Exchange gives investors the chance to trade digital security tokens using blockchain technology, thereby enabling trades to complete more efficiently and at lower cost than on traditional stock markets.

Kinesis Money is a company offering a unique monetary system that has two digital currencies based on allocated ownership of physical gold (KAU) and silver (KAG) which can be exchanged digitally as an alternative to fiat currency. The transaction fees are accumulated whenever the currencies are sent, spent or traded and are proportionately redistributed to all Kinesis currency holders, incentivizing use. Currently, those who have the Kinesis Velocity Tokens (KVT) are receiving the highest share of these fees, collecting a 20 per cent proportionate share as a recurring yield.

Another important goal of the MOU is to make the Kinesis gold and silver-based digital currencies available as ‘stablecoins' on the Hyperion Exchange.

The currencies offered by Kinesis Money were masterminded by the institutional gold trading exchange Allocated Bullion Exchange (ABX), which has stiff third-party audit and quality assurance processes in place. KAU and KAG therefore provide alternatives to the fiat-based stablecoin cryptocurrencies that have been widely critiqued for failing audits and falling short of the 1:1 allocation of fiat currencies they promised upon purchase.

Michael Zavet, CEO of Hyperion Exchange, said Hyperion is a unique exchange that lists securities tokens, financial securities backed by tangible physical assets, on the blockchain. He adds that at Hyperion, they are committed to ensuring best practice in regulatory compliance, listing tokens only after comprehensive verification checks.

According to Michael, Kinesis's unique vision to digitize gold and silver on the blockchain, with physical 1:1 allocation to the underlying assets, makes it a perfect stablecoin fit for our platform and they are pleased to host both Kinesis Money digital currencies on their exchange, as well as their Kinesis Velocity Token. Being licensed to offer trade in security tokens positions Hyperion as the perfect platform to ensure investor and regulator confidence.

On their part, Ryan Case, Chief Commercial Officer of Kinesis Money, said accredited investors on the Hyperion Exchange looking for a secure store of value and access to liquidity can now benefit from being able to trade from volatile cryptocurrency positions into the age-old reliability of gold and silver, in the form of the KAU and KAG currencies.

Ryan added that having sold in excess of US$50 million worth of Kinesis Velocity Tokens, they are also delighted to give eligible participants access to liquidity on their investments and allow for new participation in the Kinesis Monetary System.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide