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“The process for seamlessly managing and trading assets of any form from digital to traditional currencies, needs to evolve as financial institutions are seeking ways to break into new asset classes like cryptocurrencies,” said Stronghold’s co-founder and CTO, Sean Bennett.

“Asset-backed tokens can provide seamless access to all currencies, improving the global movement of money,” he continued.

Stellar co-founder Jed McCaleb said Stronghold’s USD anchor is “a cornerstone piece of bringing the Stellar network to mass market adoption.”

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