Open Exchange and Heimdall Collaborate To Launch Claims Trading Market

According to reports, Open Exchange (OPNX), an encrypted claims and trading platform founded by Zhu Su, the founder of Three Arrows Capital, and others, will collaborate with Heimdall, a real world asset (RWA) tokenization service provider, to launch a claims trading market for claims and transactions on public order books, enabling claimants to unlock the value of their claims.

OPNX will collaborate with RWA tokenization service provider Heimdall to launch a claims trading market

Open Exchange (OPNX) has announced its collaboration with Heimdall, a real-world asset tokenization service provider, to launch a claims trading market. The market will enable claimants to unlock the value of their claims and transactions on public order books.

Understanding Open Exchange (OPNX)

Open Exchange is a decentralized trading platform that allows users to trade a wide range of financial instruments, including commodities, currencies, cryptocurrencies, and other assets. The platform allows users to trade directly with each other without needing a centralized authority or intermediary. The platform is fully encrypted, ensuring the privacy and security of users.

Heimdall – The Real World Asset Tokenization Service Provider

Heimdall provides a platform that allows real-world assets to be tokenized, enabling these assets’ fractional ownership. Tokenization of assets allows fractional ownership of an asset without any physical limitations, significantly improving liquidity, transaction efficiency, and transparency. Heimdall’s technology allows tokenization of a wide range of assets, including real estate, artwork, and commodities, among others.

Claims Trading Market

Claims are legal entitlements usually obtained in settlements, court rulings, or insurance policies. Traditionally these forms of claims have been illiquid and challenging to monetize. The collaboration between Open Exchange and Heimdall will create a claims trading market. The market will enable claimholders to sell their claims to other market participants.
The market will allow the trading of claims and transactions on public order books. This liquidity will support the fractional ownership of the claim, enabling the value to be unlocked, and other participants can purchase the claim. OPNX tokens will be used for transaction fees on Open Exchange.

Benefits of the Claims Trading Market

The claims trading market will provide several benefits to claimants, including:

Improved Liquidity

Traditionally, claims have been difficult to monetize because there hasn’t been a secondary market for their sale. The claims trading market will provide liquidity to the asset.

Flexibility

The market will enable claimholders to sell their claims and transactions, providing flexibility for their capital allocation.

Competitive Market

The market will create a competitive environment, enabling claimholders to receive higher prices for their claims, unlocking the claims’ real value and the creation of a liquid market.

Transparency

The market will be a transparent marketplace, providing clarity on the value of the claims and transactions.

Conclusion

The collaboration between Open Exchange and Heimdall will provide claimholders the liquidity they are seeking. The claims trading market will provide a transparent environment that is neither controlled nor influenced by centralized authorities, such as banks or governments. It will provide an accessible and competitive marketplace for claims and transactions. The market will enable claimholders to sell their claims and transactions, unlocking their underlying values.

FAQs

1. How does tokenization of assets work?

Tokenization of assets means digital representation of real-world assets whereby securitised tokens are created on a blockchain, providing fractional ownership of the asset. Tokenization’s main benefits include increased divisibility, liquidity, and transparency of the asset.

2. How will the claims trading market improve the liquidity of claims?

The claims trading market will provide a secondary market for claims, creating liquidity that didn’t previously exist. This will enable claimholders to sell their claims and transactions to other market participants.

3. What are OPNX tokens, and how do they work?

OPNX tokens are the transaction currency of the Open Exchange platform. They are used to pay for transaction fees, and OPNX token holders can earn a fee for participating in the governance of the platform.