Some of the biggest risks cryptocurrency investors have to cope with come from the acute disconnection between traditional and crypto economies. This disconnection often manifests in liquidity risks owing to a number of factors such as bottlenecks faced by exchanges while converting between traditional and digital assets, the inherent security threats because of a decentralized ecosystem, and so on.
Jibrel Network, one of Middle East’s first blockchain technology startups, aims to bridge the gap between conventional financial infrastructure and crypto economy through empowering investors to store, receive, send, and exchange assets with ease. It is the first decentralized network of its kind to have placed traditional assets like bonds, fiat currencies, and commodities on the Ethereum blockchain.
Among other benefits, this unique platform also allows investors to leverage the cost efficiencies associated with storing and transacting digital assets.
This is achieved using CryptoDepository (CryDRs). Simply put, CryDRs are tokens that represent the value of a traditional financial asset and is denominated in a Jibrel Network Token (JNT).
One of the main benefits of CryDRs is that it allows users to benefit from the efficiency ensured by blockchain technology without having to abandon the safety net provided by the conventional economy’s stability
“Blockchain and cryptocurrencies are a technology, and not means to circumvent existing financial regulations, that is why we focus on ‘smart regulations’. This is a revolutionary method of automating the enforcement of financial regulation by translating regulations into a code and embedding it into our token. This is a huge differentiating factor that places Jibrel in the driver’s seat when dealing with banks, regulators and existing financial infrastructure,” said Talal Tabbaa, co-founder of Jibrel Network.
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