@LuxxfolioH is the first ecosystem partner for cLTC.
The publicly listed Litecoin miner, based in British Columbia, has signed a letter of intent with us to explore how its mined LTC can work in institutional markets on @CantonNetwork.
Here's the plan ↓ 1/6
One more from Rome.
After long days at AIBC last week, we ended the trip over dinner with the team and a few friends we made along the way.
Grazie, Roma. Until next time. 🇮🇹
A week in Rome for @AIBC_World.
@LTCFoundation hosted a full Litecoin day with @SatoshiLite, and Litecoin won the Best Layer-1 Blockchain award.
Between sessions, we talked cLTC with lenders, custodians and market makers, and came home more excited than ever.
"Ambiguity is a tax on ambition" is such a good way to put it, Jay.
That's the whole reason we built cLTC around one published reserve, with @LTCFoundation behind it.
I said recently that ambiguity is a tax on ambition, and this is a good example of what removing it looks like.
When an institution wants Litecoin exposure on a new network, the first thing it usually runs into is a choice it shouldn’t have to make (which wrapped version, which issuer, which reserve).
cLTC settles that before anyone has to ask. There’s one token with one published reserve, and the @LTCFoundation is standing behind it.
Nobody’s going to get excited about a reserve page, but that’s exactly the kind of thing that turns a long compliance back-and-forth into a quick yes.
Litecoin keeps turning up in places built for institutions, and this time the paperwork is already sorted.
The letter of intent proposes Luxxfolio as a seed liquidity provider, and together we'll explore borrowing use cases ahead of launch.
A miner, a reserve anyone can check, and Litecoin put to work on Canton. Endorsed by @LTCFoundation.
Full release: https://t.co/Qje9bTL3k2
6/6
@LuxxfolioH is the first ecosystem partner for cLTC.
The publicly listed Litecoin miner, based in British Columbia, has signed a letter of intent with us to explore how its mined LTC can work in institutional markets on @CantonNetwork.
Here's the plan ↓ 1/6
“Our approach is to hold a strategic treasury position in Litecoin for the long term. Working with Greywick Digital, we can explore how that treasury can do more for our shareholders on Canton while maintaining our exposure to LTC.”
Tomek Antoniak, CEO, Luxxfolio
5/6
Full release: https://t.co/Qje9bTL3k2
The letter of intent is non-binding, and any commercial terms need a further agreement. Nothing here is investment advice.
The letter of intent proposes Luxxfolio as a seed liquidity provider, and together we'll explore borrowing use cases ahead of launch.
A miner, a reserve anyone can check, and Litecoin put to work on Canton. Endorsed by @LTCFoundation.
Full release: https://t.co/Qje9bTKvuu
6/6
“Our approach is to hold a strategic treasury position in Litecoin for the long term. Working with Greywick Digital, we can explore how that treasury can do more for our shareholders on Canton while maintaining our exposure to LTC.”
Tomek Antoniak, CEO, Luxxfolio
5/6