Raiffeisenbank will add support for multiple blockchains to the RBI Coin platform

Austrian Raffaisenbank announced plans to add support for various blockchains for its RBI COIN assets tokenization platform.

To introduce this possibility, Raffaisenbank will use the tool for interaction with various Pantos blockchains, developed by the local cryptocurrency exchange of Bitpanda. Tool, According to Bitpanda, It was developed more 2,5 years in collaboration with Vienna Technological University. It allows projects using tokens to avoid restrictions, imposed by any specific blockchain.

Currently, RBI COIN is created on the basis of technology, provided by Billion. However, thanks to Pantos, the platform will become independent of the only blockchain. Raffaisenbank plans to carry out the pilot launch of RBI COIN, to ensure evidence of the concept (PoC).

“Pantos solution plays an important role in the real launch of the asset tokenization platform in our banking group. It will provide compatibility with different blockchains and will allow us to provide even more extensive and flexible options for using the platform for customers ”, - said the head of the Department of Strategic Partnership and Building the Ecosystems of Raffaisenbank Christian Wolf (Christian Wolf).

The development of the RBI COIN platform became known in May of this year. Expected, that in addition to the tokenization of assets, the solution will also create stablecoins for use for various purposes.

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