Finloop unveiled its FinRWA Platform 2.0, or FRP 2.0, during the Web5 Ecosystem summit co-hosted by Fosun Wealth International.
Wealth technology firm Finloop Finance Technology unveiled the upgraded version of its real-world asset platform, FRP 2.0, at the Web5 Ecosystem summit.
The summit, hosted by Fosun Wealth International and Finloop, and supported by Taikang Asset Management, gathered more than 200 Web3 industry leaders to discuss current Web3 topics, including asset tokenisation and ecosystem collaboration.
Finloop’s upgraded FinRWA Platform 2.0 introduces Tokenisation as a Service (TaaS), providing compliant operational paths to tokenise financial assets, including public and private funds. Key highlights of the TaaS include a granular permission system that allows administrators to select modules based on roles; a flexible approval process that can be customised; and transparent asset management that allows real-time viewing of token contracts.
Finloop CEO Cai Hua said: “FRP 2.0 is dedicated to promoting ecosystem interconnectivity, breaking down data barriers between institutions, and helping build Hong Kong as a Web3.0 innovation hub, fostering a more open ecosystem for financial collaboration.”
Cheng Kang, CEO of Fosun Wealth Holdings and Chairman of Finloop, said: “Fosun Wealth Holdings and Finloop will continue to drive digital innovation by assisting traditional finance in accessing the emerging Web3 ecosystem, and partner with all sectors to propel the wealth management industry towards a more open, integrated, and compliant Web5 future.”
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