Linqto COO says the company is working on a pilot program to help it sell tokenized private equity for XRP. XRP has attracted significant interest following Judge Analisa Torres’ declaration that it is not a security. Notably, Linqto COO Joseph Endoso revealed how the company plans to utilize XRP in the upcoming Linqto 2.0. Linqto’s Tokenized […] The post Linqto COO Reveals Plans to Sell Tokenized Private Equity For XRP first appeared on The Crypto Basic.

Linqto COO Reveals Plans to Sell Tokenized Private Equity For XRP

Linqto COO says the company is working on a pilot program to help it sell tokenized private equity for XRP.

XRP has attracted significant interest following Judge Analisa Torres’  declaration that it is not a security. Notably, Linqto COO Joseph Endoso revealed how the company plans to utilize XRP in the upcoming Linqto 2.0.

Linqto’s Tokenized Private Equity to Utilize XRP for Payments

In an  interview with Thinking Crypto’s Tony Edward, Endoso disclosed that Linqto is working on a tokenized private equity proof-of-concept, which will use XRP as the only payment method.

According to Endoso, the pilot project will see Linqto set up a new Special Purpose Vehicle (SPV). Notably, this SPV will be firewalled from the rest of Linqto’s other SPVs and main database.

After successfully setting up the SPV, Endoso said Linqto would add and tokenize new assets. 

“We’re going to have that SPV custody of PolySign so that we can have an independent third-party custodian,” Endoso was quoted as saying.

Furthermore, Linqto’s COO said the company would offer the product to other broker-dealers who are based outside the United States. Per Endorso, these broker-dealers must use PolySign or other trusted digital assets custodians. 

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