Num Network provides a platform for minting tokenized Real World Assets (RWAs) such as stocks, commodities, and fixed income securities, ensuring compliance and security through advanced blockchain technology. By enabling businesses to access and manage these assets via stablecoins and APIs, Num Network addresses the challenge of scaling operations in emerging markets with efficient financial tools.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional financial markets often present barriers to entry, especially in emerging economies, due to regulatory complexities, lack of transparency, and limited access to efficient financial tools for managing real-world assets (RWAs). The process of investing in assets like stocks, commodities, and fixed income securities can be cumbersome and inefficient, hindering broader participation.
Solution
Num Network provides a platform for minting tokenized representations of Real World Assets (RWAs) such as stocks, commodities, and fixed income securities, enabling access and management of these assets via stablecoins and APIs. The platform ensures compliance and security through blockchain technology, offering a way to participate in a global financial ecosystem. Users can deposit USDC to mint nTokens, which represent tokenized ETFs, and track the value of underlying assets like S&P 500, US Treasuries, and commodities. The platform facilitates the minting, tracking, and redemption of nTokens, aiming to redefine decentralized finance.
Target Audience
The primary target audience includes individuals and businesses seeking access to tokenized real-world assets, particularly those in emerging markets looking for efficient and compliant financial tools.
Features
- Tokenization of RWAs including stocks, commodities, and fixed income securities
- Minting of nTokens using stablecoins like USDC
- Access to tokenized ETFs representing assets like S&P 500, US Treasuries, and commodities
- MPC (Multi-Party Computation) platform enabling secure computations without exposing individual data inputs
- Know Your Transaction (KYT) monitoring to ensure compliance with regulatory standards
- Platform for tracking and redeeming nTokens for their cash value
- Integration with ETF fund managers and custodians