⛓️ Iranian banks plan to tokenize gold and other assets on Stellar's blockchain
Parsian, Pasargad, Mellat and Melli, some of Iran's biggest banks, are collaborating on plans to tokenize assets on a fork of Stellar's blockchain that uses a native token called PayMon (PMN). The token will be used to represent the nominal value of the tokenized assets (e.g. gold and real estate) and will be backed by 30 mg of gold. PayMon plans to be operational and publicly available by March 20, 2019.
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