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Abra Partners with Praxis to Enable Real World Asset Tokenization and DeFi Services
Slice of Finance Team
25 Sep
Key Highlights:
Abra launches Digital Asset Solutions initiative in partnership with Praxis.
Focus on real-world asset tokenization and DeFi services for network states.
Integration of tokenized land purchases with Bitcoin and Ethereum-backed loans.
Collaboration aims to create on-chain DeFi services for network states and cities.
Source: Business Wire
Notable Quotes:
“As the network state enters a new phase of viability...Abra and Praxis have the opportunity to take a leadership role by creating a decentralized platform...enabling capital and reputation building across network states.”
“Abra was naturally the right partner for Praxis...this partnership will accelerate the network state movement and deliver immense value.”
“Early Network States will create real value through their crypto-native economic infrastructure...Abra wholeheartedly embraces and embodies the network state vision.”
Our Take:
The partnership between Abra and Praxis represents a significant step towards the convergence of digital asset services with real-world applications. By focusing on asset tokenization and DeFi services, both companies aim to empower network states with decentralized financial ecosystems, paving the way for innovative governance and financial access models. This collaboration could accelerate the growth of decentralized governance frameworks and create new opportunities for citizens and businesses within network states.