Okcoin to Become First US Exchange to List Provenance Blockchain’s HASH Utility Token
SAN FRANCISCO, April 26, 2022 /PRNewswire/ — Okcoin, the US-licensed fiat-focused global crypto asset exchange, today announced the upcoming listing of the Provenance Blockchain utility token CHOP. Okcoin is the first exchange in the United States to support HASH trading, meaning current HASH holders can deposit their holdings into Okcoin wallets today.
“The listing of Provenance Blockchain’s HASH utility token on Okcoin is an incredibly exciting opportunity for retail traders to participate in the fundamental transformation of the financial services industry, leveraging digital assets, digital money and blockchain,” said Morgan McKenneyCEO of the Provenance Blockchain Foundation.
McKenney joined the Provenance Blockchain Foundation in March after nearly twenty years at Citi in a range of operational leadership positions globally, most recently as Chief Operating Officer for Global Consumer Banking.
Provenance Blockchain is the leading public open source blockchain for financial services, operated by over 50 banks and other financial institutions and operating at scale today with billions of dollars of digital financial assets traded across loans, markets and payments.
Provenance Blockchain was purpose-built for financial services and offers the first real opportunity to disrupt the space at scale, dramatically reducing costs for consumers and introducing new revenue opportunities for the industry. Since its inception, the Provenance Blockchain ecosystem has grown to include over 50 financial institutions performing more than $8 billion on chain. Earlier this year, several US banks launched the USDF Consortium with the intention of providing bank-issued tokenized deposit and a 24x7x365 payment rail on the Provenance Blockchain.
Provenance Blockchain has pioneered a series of blockchain “firsts” and “only” blockchains in financial services, making Provenance Blockchain the leading platform for migrating from traditional finance to decentralized finance. These include:
- First for HELOC and origination and custody of mortgages on a public blockchain, with more than $8 billion of loans traded on Provenance Blockchain to date.
- First (and only) to instantly settle mortgage sales on a public blockchain.
- First (and only) to securitize consumer loans on a public blockchain.
- First (and only) to use the blockchain as a register of mortgage loans on a public blockchain.
- First (and only) the public blockchain in which regulated US banks participate.
- First (and only) to support tokenized deposit issued by a bank on a public blockchain.
- First (and only) to support blockchain security markets on a public blockchain operated by a regulated broker/ATS.
- First (and only) core banking system built on a public blockchain.
ABOUT PROVENANCE BLOCKCHAIN FOUNDATION
The Provenance Blockchain Foundation provides the world’s best ecosystem for developing and deploying DeFi applications. The Provenance Blockchain Foundation supports Provenance Blockchain and its participants through research and development, education, and governance. We believe that a community-based, inclusive, and open-source model of Cosmos/Tendermint blockchain internet that is best-in-class and environmentally friendly is essential for the success and wide-scale adoption of the next generation of decentralized financial applications.
Provenance Blockchain is the leading public open source blockchain for financial services, operated by over 50 banks and other financial institutions and operating at scale today with billions of dollars of digital financial assets traded across loans, markets and payments. To learn more, visit https://provenance.io.
Founded in 2013, Okcoin is a US-based cryptocurrency exchange serving over 190 countries and territories. The platform allows retail and institutional investors to buy over 50 digital assets using local currencies, with a mission to make crypto easy for everyone, including first-time buyers. Okcoin was the first centralized exchange to offer direct entry into decentralized finance (DeFi) with To win, a tool for earning APY through decentralized loans, liquidity pools, staking, and more. Additionally, Okcoin offers institutional trading tools and APIs for asset managers, venture capital and hedge funds, retail brokers, payment processors, and more. Follow Okcoin on Twitter at @okcoin and visit okcoin.com for more information.
Vice President of Marketing, Provenance Blockchain Foundation
SOURCE Source Blockchain Foundation