The Rise of Jade City in the World of RWA Platforms
Jade City, a real-world asset (RWA) platform, recently made headlines with its first shipment of jade from a mine partner to a storage facility in Guangdong province, China. This shipment marks a milestone for Jade City as it gears up to capitalize on jade sales and introduce its innovative RWA Tokenization platform.
In a move to access the $50 billion jade Market, Jade City secured funding of $2.1 million through Jade Vault, a jadeite storage and trading company, to establish a jade mine in Kazakhstan. This initiative aims to democratize the traditionally exclusive jade market dominated by a few players.
The Significance of Jade in China
Jade holds immense cultural significance in China, where it has been revered for over 5,000 years as a symbol of purity, moral integrity, and social status. The rarity and craftsmanship required to transform raw jade into exquisite artifacts make it more valuable than gold in Chinese culture.
Jade-Backed Bonds Next?
Looking ahead, Jade City plans to issue Jade-backed bonds on its platform, offering investors high yields in tokenized physical jade. These tokens can be traded on the Marketplace or used in a gamified Experience where investors can Win valuable jade stones from Virtual loot boxes.
Jade City has formed partnerships with jade mine owners, securing a substantial jade inventory. The company now holds 550,000 kilograms of jade, aiming to mitigate the supply Chain disruptions caused by intensive Mining and political unrest in Myanmar, the historic jade market leader.
William Ralston-Saul, CEO of Jade City, emphasized the importance of jade quality in determining value, with prices ranging from a few dollars to millions. He cited the record-breaking sale of the Cartier Jade bead necklace belonging to late American socialite Barbera Hutton, auctioned for $27 million at Sotheby’s.
With a focus on reinvesting profits, Jade City plans to reward $JCT Token holders through a “buy and burn” mechanism. The platform aims to revolutionize the opaque and black-market plagued jade trade in China, leveraging Blockchain Technology to provide transparency and accessibility to investors.
Conclusion
Jade City’s foray into the RWA platform space signifies a significant step towards democratizing the traditional jade market and introducing new opportunities for investors to participate in the lucrative gemstone trade. By combining Blockchain technology with centuries-old traditions, Jade City is poised to transform the way we view and invest in one of the world’s most valuable gemstones.
