World’s Pioneering Multi-Asset Stablecoin MAST Token Launched In Mauritius


World’s Pioneering Multi-Asset Stable Token Launched In Mauritius

Mauritius-based HYBSE Marketplace has introduced the first multi-asset stable token (MAST) in the world. This was done in collaboration with GMEX and MINDEX.

The increasing interest in collateralized tokens has forced Mauritian authorities to create regulations to allow the establishment of digital custodial services as well as marketplaces. HYBSE will enable investors to access asset-backed tokens with an aim of building their portfolio of crypto assets.

Investors will first receive multi-asset backed tokens. MAST products have a considerably lower risk because each of the assets is backed by an integrated framework of strategic portfolios. By owning MAST, traders will essentially have a share in each of its founding companies, namely HYBSE Marketplace, GMEX, and MINDEX, as well as fully gold-backed DIM currencies and stable gold coins. Depending on the desired level of investment, investors will have access to three MAST packages.

The HYBSE Marketplace emphasize three key areas; security, decentralization, and scalability.

  • Security – the platform uses GMEX market surveillance adaptors to ensure that all transactions are secure and auditable.
  • Decentralization – the blockchain ledger ensures that all transactions are transparent and verifiable by each member node.
  • Scalability – the Catapult Engine allows the HYBSE Marketplace to scale effectively to accommodate the ever-growing number of users as well as increasing transaction volumes.

According to the chairperson of HYBSE Marketplace, Hirander Misra, the company is always working towards introducing novel solutions to their clients. He added that MAST will introduce a whole new level of regulation and oversight that was hitherto unavailable, allowing institutional investors to trade in the crypto space.

Additionally, Misra stated that they supported the imposition of the regulations to govern digital marketplaces and custodial solutions by the Mauritian government. This was part of the reason for launching MAST in the country. He concluded by expressing hope that the new laws will earn Mauritius plaudits for being friendly to innovative advancements in the crypto space.

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