by TINTSWALO BALOYI
JOHANNESBURG, (CAJ News) – THE South African-focused mining company, Ferrox Holdings, is tokenising its assets to finance capital expenditure and operational expenses.
Raze, a leading tokenisation engine for real-world assets (RWAs), announced the successful implementation of the end-to-end tokenisation solution for Ferrox, enabling the mining company to issue the $FeTi70 token.
This breakthrough offering allows Ferrox to finance the production of titanium, iron and vanadium through tokenised invoice financing backed by commercial offtake agreements.
Each token supports specialised commodity production through short-term invoice financing.
Terry Duffy, Chief Executive Officer of Ferrox, said tokenisation gave them unprecedented flexibility to finance their operations while offering investors direct access to commodity-backed yields.
“Raze’s tokenisation engine removed the technical barriers and compliance concerns that would have made this impossible just a few years ago,” Duffy said.
Raze’s tokenisation engine provided Ferrox Holdings with a complete solution that includes issuance of $FeTi70 tokens on a public blockchain with built-in compliance, support for simple settlement using standard USDT payment for tokens and compatibility with nearly any ethereum virtual machine (EVM)-compatible wallet, including industry-standard options such as MetaMask and Coinbase.
It is currently available to non-United States purchasers.
“We’re seeing tremendous demand from traditional businesses and private funds looking to tokenize real-world assets,” stated Tim Stoddart, Chief Revenue Officer at Raze.
The company has secured three enterprise deals with a pipeline of assets exceeding US$650 million and has recently established strategic partnerships with Redbelly Network, Texture Capital and InvestReady for end-to-end support of tokenised solutions.
– CAJ News