WhiteRock, a leading on-chain brokerage for tokenized securities, has raised over $1 million in contributions on the first day of the Fair Token Launch for the White Network token, the native gas token of the new Layer 10 blockchain. The White Network is specifically designed for the tokenization of real-world assets (RWA) and represents a significant step forward in wealth management infrastructure.
With the White Network, WhiteRock strengthens its position as the largest project on the XRP Ledger. The new blockchain enables institutions to tokenize real-world assets with the highest security standards, a throughput of 200.000 transactions per second and instant finality, coupled with protocol compliance via KYB, KYC and AML integration.
The White Network token acts as the native gas token for the network, supporting transactions, governance, and platform services. Participants can acquire the White Network token by contributing Ethereum or WHITE. Contributions from Ethereum will first be converted to WHITE. WHITE tokens contributed, either directly or via Ethereum, will be permanently retired. The amount of WHITE contributed will mirror the amount of White Network tokens issued.
Every transaction on the White Network, from RWA settlements to on-chain compliance checks, will consume the White Network token as gas, making it the economic backbone of the protocol. While gas settlement is the core function, other utility such as validator staking, governance, and ecosystem incentives are also being considered. This design ensures the security of the core infrastructure while WHITE remains active at the application level, supporting trading and platform logic without disrupting the network economy.
“Don’t miss the boat! White Network launches with billions in pre-committed institutional assets,” said Maxime Pizzolitto, co-founder of WhiteRock. “Traditional finance has been waiting for a compliant gateway to DeFi for so long. This is it!”
The Fair Token Launch is live. Participants can acquire the White Network token using Ethereum or WHITE.
WhiteRock bridges the gap between traditional finance and blockchain, enabling secure, compliant tokenization of real-world assets including stocks, bonds, and commodities.
What makes the White Network unique?
The White Network offers a combination of high throughput, instant finality, and built-in compliance with the ability to efficiently tokenize real-world assets.
How can I participate in the Fair Token Launch?
Participants can acquire White Network tokens by contributing with Ethereum or WHITE, with Ethereum contributions being converted to WHITE.
What happens to the contributed WHITE tokens?
All contributed WHITE tokens will be permanently retired from circulation, ensuring a direct correlation between contributions and issued tokens.
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