Bitcoin DeFi Pioneers DeFiChain Adds Four New dTokens

Twitter icon  •  Published il y a 1 an  •  Nikolas Sargeant

The Singapore-based crypto firm will add new dTokens corresponding to Johnson & Johnson, DAX ETF, Adidas, and Goldman Sachs

DeFiChain, the world’s leading Bitcoin dedicated blockchain, has added four new decentralized tokens.

According to an exclusive press release shared with Cryptowisser, the Singapore-based crypto firm will add new dTokens corresponding to Johnson & Johnson, DAX ETF, Adidas, and Goldman Sachs.

The release of the new four new dTokens marks the first time users on the DeFiChain network will be able to mint and trade dTokens following the prices of a German ETF. Users will have price exposure, not ownership, to the underlying stocks and ETFs without geographical restrictions, paving the way for a serious alternative to the traditional financial broker. 

DeFiChain is committed to expanding its dToken offerings and promoting the flexibility and benefits of decentralization. Benjamin Rauch, the VP of Marketing at DeFiChain Accelerator, said, had this to say about the release, “The more assets available on DeFiChain, the easier it is to take control of your investments in a decentralized way. Without any involvement of central instances.”

As the only blockchain to offer decentralized assets on the Bitcoin network, DeFiChain users will have the opportunity to get price exposure to these new stocks and EFTs without leaving the DeFiChain ecosystem. The newly added tokens are:

  • $dJNJ - Johnson & Johnson
  • $dDAX - Global X DAX Germany ETF
  • $dADDYY - Adidas AG - ADR
  • $dGS - Goldman Sachs Group Inc.

Users can buy dTokens—even in fractional pieces—on the innovative DeFiChain DEX. The DEX already features several excellent dTokens corresponding to the S&P 500, Tesla, Apple, Alibaba, GameStop, Nasdaq 100, Nvidia, Amazon, Microsoft, Netflix, Meta, and many other stocks and ETFs.

The DeFiChain DEX allows users to hold dTokens, trade them, or use them to earn rewards through liquidity mining on the platform. The platform also provides the option to mint dTokens on the DeFiChain blockchain, which is done by depositing one of a variety of currencies, such as BTC, DFI, dUSD, USDT, and USDC, as collateral in the DeFiChain Vault. 

The dTokens are ETFs, so they are not “securities”, meaning they give users price exposure but not ownership, voting rights, dividends, or other benefits stockholders receive from standard assets. Using oracles allows dTokens to track and reflect many variable factors rather than just the actual stock price. 

These unique trading assets are a revelation for millions of users worldwide who previously couldn’t invest in US stocks due to geographical restrictions, trading limits, and other issues. DeFiChain’s DEX offers exposure to various noteworthy assets by minting or buying the relevant dTokens. 

DeFiChain offers a hard fork on the Bitcoin network to provide exposure to advanced DeFi applications, enabling fast, intelligent, transparent, decentralized financial services. Users only need access to the internet and a smartphone to access the network’s liquidity mining, staking, stock assets, and decentralized loans. This is why the DeFiChain Foundation is the leader of DeFi in the Bitcoin ecosystem. 

Author

Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.