About Sologenic (SOLO)
Sologenic describes itself as a "sophisticated ecosystem" built atop of the XRP ledger.
It facilitates investing and trading among blockchain assets (cryptos) and non-blockchain assets, such as stocks and commodities futures.
SOLO is the Sologenic ecosystem’s native token. It’s used for market making and liquidity provisioning, according to Messari.
Take Tesla stock, in a given example, per the Sologenic white paper; in this example, TSLA would be presented on the platform as a tokenized stablecoin ("TSLAƨ"). These stablecoins are thus tradable and redeemable against XRP.
"SOLO creates a dynamic bridge between crypto assets and non-blockchain-based assets," Messari said.
Sologenic as of December 2021 was set to airdrop $1 billion of SOLO to XRP holders, it said.
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