LBA agrees strategic partnership with Particula
26 September 2023 08:55
The Liechtenstein Bankers Association (LBA) and Particula have entered into a strategic partnership aimed at improving token due diligence processes, further details of which can be found in a press release. With this collaboration, the two partners intend to make the audit of financial transactions easier to evaluate, particularly with regard to the legal, tax and financial circumstances of sellers and buyers of digital assets, and to make this process more attractive for the market. To achieve this, new analytics and machine learning algorithms are being used in targeted fashion. A new database developed by Particula on this basis will offer the financial sector “unprecedented insights and transparency in the field of sustainable digitized assets”, as the press release explains.
“Our collaboration with the Liechtenstein Bankers Association is not just another partnership; it’s a paradigm shift for the tokenized asset industry”, comments Nadine Wilke, co-founder and CGO at Particula, in the press release.
“Tokenized assets represent a completely new, but increasingly important asset class”, explains Simon Tribelhorn, CEO of the Liechtenstein Bankers Association, before adding: “This partnership underlines our commitment to digitalization and sustainability. We'll be focusing on assets that are not just profitable but also align with global sustainability goals, particularly eco-friendly and compliant digital assets”.
The two organizations have planned a series of events during which new metrics and guidelines for investing in tokenized assets will be introduced to those in attendance. ce/ww