With the growth of the financial landscape, there is a growing need to tokenize real-world assets to bridge traditional finance with decentralized finance. WhiteRock is developed to bring real-world assets onto the blockchain. WhiteRock, by tokenizing stocks, bonds, real estate and many others, provides users with secure and borderless trading with blockchain-powered liquidity.
In this article, we will understand WhiteRock as a bridge between traditional finance and decentralized finance, its features, functions, and tokenomics. We will also learn about tokenized stocks on WhiteRock, how to use WhiteRock, and its future.
What is WhiteRock?
WhiteRock is a real-world asset (RWA) tokenization protocol that was announced and launched in December 2024. It allows to tokenize traditional financial assets like stocks, bonds, and real estate, to provide global access to various investment opportunities.
WhiteRock, by bridging the gap between traditional finance and decentralized finance, unlocked global liquidity and simplified access to equities, fixed income, and other investment options.
How WhiteRock work a bridge?
WhiteRock bridges traditional finance (TradeFi) and decentralized finance (DeFi). It is designed as a hybrid financial system that allows users to trade tokenized real-world assets, access stablecoins and interact with DeFi applications in a legally compliant manner.
With this process, WhiteRock makes these assets more liquid, accessible, and transferable across decentralized platforms, which eliminate barriers like high transaction fees, geographical restrictions, and slow settlement time in TradeFi.
What are Tokenized Stocks on WhiteRock?
The on-chain brokerage platform announced the launch of a direct tokenization platform for securities listed on major stock exchanges which includes the New York Stock Exchange (NYSE), Nasdaq, and the London Stock Exchange (LSE).
It lets its users to trade stocks directly on the blockchain that offers investors the ability to trade shares of companies, bonds, or properties anytime and anywhere in the world.
WhiteRock comprises some of the tokenized stocks, like stocks of big corporations like Apple, Tesla, MicroStrategy, Coinbase, and Nvidia. These stocks are now accessible as crypto-tradable assets. Further, WhiteRock has plans to include several other stocks into their platform to facilitate a range of assets that are tradable 24/7 globally.
Features and Functions of WhiteRock
The platform allows its users to invest on-chain by bringing real-world assets onto the blockchain. Here are the key features:
Tokenized Stocks Trading
As discussed above, it permits users to trade traditional stocks from major stock exchanges like NYSE, LSE, and Nasdaq on the blockchain, which offers real-time liquidity and 24/7 access over the globe. This platform makes investment opportunities available for all and eliminates traditional market barriers.
Instant Cross-Border Transactions
Traditional financial products like stocks and real estate are not globally available for trade. Hence, WhiteRock provides access to these stocks and real estate to trade globally with the help of blockchain technology and provides instant cross-border transactions with reduced transaction costs.
Regulatory Compliance
WhiteRock complies with the regulatory framework to ensure that all financial activities are aligned with the global legal standards. This increases trust among users and facilitates institutional adoption.
How to Use WhiteRock?
WhiteRock is popular due to its easy-to-use interface. Here’s a step-by-step guide on how to use the WhiteRock platform and invest in traditional stocks with unique blockchain qualities.
Step 1: Visit the official website of WhiteRock by clicking on the given link.
Step 2: After visiting the website, click on “Go to App,” and you will be redirected to the WhiteRock dashboard, where you have to sign in using your Google, Facebook, or Reddit account.
Step 3: After signing in, deposit funds into your WhiteRock wallet by clicking on the Deposit button.
Step 4: Once you have successfully deposited funds into your wallet, go to the ‘invest’ section of the platform. Choose from the given trading options and trade as per your preference.
What is USDX Stablecoin?
WhiteRock offers a high-yield stablecoin called USDX backed by U.S. Treasury bonds. It is developed to empower its users to directly share profits from secure investments. It is a dollar-pegged stablecoin that ensures each token retains consistent value.
The platform is different from other stablecoins because it does not just store wealth but helps it grow. By investing in the underlying assets like US treasury bills, it generates profits that are passed directly to USDX holders.
It offers various benefits to its holders like they earn while holding the token without staking. It also provides stability and trust as it maintains a stable value aligned with the US dollar and is audited by PeckShield, a crypto security firm.
WhiteRock (WHITE) Token
WHITE is the native token of WhiteRock. It has a total supply of 1 Trillion tokens, from which 650 billion are in circulation. It has various utilities which include its use for transaction purposes on the platform and also for the governance of the platform.
At the time of writing, WHITE is trading near $0.0004889 with a market cap of $317 million as per CoinMarketCap.
WHITE Tokenomics
The total supply for WHITE token is 1 trillion, out of which 65% is available for the public, while 20% is reserved for core contributors, and the remaining 15% is distributed equally for airdrop, marketing, and future private sale.
Is WhiteRock related to BlackRock?
WhiteRock sounds similar to BlackRock and this raises questions among crypto enthusiasts – whether WhiteRock is a part of BlackRock, a leading global investment management corporation? The answer is no. It is a separate entity with its own mission and operational framework.
WhiteRock is an independent on-chain brokerage platform that is focused on the tokenization of traditional financial assets and has established partnerships with several custodians and that includes BlackRock and others like StoneX and First Citizen Bank.
Future of WhiteRock
The future of WhiteRock is embedded in five strategic phases.
- Phase 1: The company introduced functional trading infrastructure and WHITE token alongside the USDX token and it is currently active and operational.
- Phase 2: WhiteRock plans to launch a DeFi lending platform that will allow its users to utilize tokenized assets for borrowing, backed by institutional-grade risk management.
- Phase 3: It aims to expand the reach of USDX which will cover DeFi platforms, major decentralized exchanges (DEX), and many others, enabling cross-chain functionality and incorporating advanced yield optimization strategies.
- Phase 4: WhiteRock will develop WhiteX which will be a high-speed order book decentralized exchange (DEX), facilitating permissionless market creation for financial assets.
- Phase 5: The company envisions a universal tokenization platform that will include real estate, intellectual property rights, and commodities, embodying the principle that any valuable asset can be tokenized and traded globally.
Conclusion
WhiteRock is designed to tokenize financial assets and aims to function as an effective bridge between traditional finance and blockchain technology. This would provide them exposure to global liquidity and simplify access to various types of investments.
It focuses on transparency and efficiency, empowering users to trade tokenized assets seamlessly while complying with global regulations.
Also Read: WLFI Partners with Ondo Finance for Tokenized Real-World Assets
