Tokensoft и Anchorage запустили Wrapped Zcash (WZEC) on Ethereum with KYC support

Tokensoft and ANCHORAGE CASTODIAL Service have launched a tokenized version of the ZCASH anonymous cryptocurrency – Wrapped Zcash (WZEC) - for use in the Ethrium ecosystem.

Tokensoft will develop WZEC in the Ethereum network, а Anchorage – storage of assets. WZEC will be attached to the ZCash asset in the ratio 1:1. The new cryptoactive uses the ERC-1404 Smart Contract of the standard, allows us to comply with international requirements of regulators. Thanks to the presence of WZEC in the Ethereum network, Zcash holders will be able to use the “hidden” ZCASH in the Ethereum network without violation of confidentiality. Besides, Zcash will interact with decentralized Maker applications, Uniswap и Compound, as well as with wallets and exchanges, integrated with the etherium.

CEO TOKENSOFT Mason Borda (Mason Borda) explained, that Zcash users will be able to hide the amount of assets, at their disposal, Tocenizing assets in "hidden pools" (shielded pools). However, users will have to go through the identification procedure (KYC) on tokensoft platforms, and also comply with the rules of Anchorage. Board added, that exchanges will be able to store WZEC, At the same time, observing the requirements of the regulators.

Co -founder and general director of Anchorage Nathan McColi (Nathan McCauley) reported, that WZEC will add new sources of liquidity to the decentralized finance industry (DeFi). According to McColi, WZEC will be useful for market participants, and for the development of the ecosystem of the etherium as a whole. In the future, firms plan to expand the list of “hidden” cryptocurrencies, These include Handshake (HNS), Avalanche (AVAX) I even (Even).

Recall, that in April, Keep Network and Summa presented TBTC tokenized bitcoin to obtain access to decentralized financing on Ethereum without the need to exchange BTC for ETH.

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