KardiaChain empowers LiveTrade to build the Robinhood app of Vietnam stock market
KardiaChain’s motto of “Accessible blockchain for millions’’ has come a long way in the journey for mass adoption in the industry. Following our 5 steps in the Vietnam DeFi Movement, our ecosystem includes partners in many sectors such as art, real estate, and other products ready to be tokenized to spread our presence and strengthen the Vietnam Internet of value. With a booming economy, the plan is set on tokenization of the stock market that promises great potential in Vietnam financial investment.
KardiaChain Team is delighted to announce that KardiaChain will provide technical support for LiveTrade to build their DeFi app on KardiaChain infrastructure. The app will fulfil LiveTrade offers such as stock tokenisation, instant crypto credit line, and lending. Through such service, LiveTrade aims to introduce the utmost convenience and accessibility to the financial landscape. Anyone can become an investor.
Due to the effect of Covid-19 and other factors, Vietnam has been through dramatic shifts over the past year from the economic perspective, generating the slowest growth in the last three years. However, Vietnam’s economy still has one of the best performances in recent years, attracting US$18.82 billion of foreign investment. Furthermore, experts predict that the market will recover in 2021, expanding by 6.5%. With the right timing, risks would turn into rewards.
However, the situation in earning the market slice is rather tight to explore. Although Vietnam is one of the fastest-growing economies in South East Asia, there are still limitations in its local stock market regulations. The recent outages on Vietnam stock exchanges force the administrators to raise entry barriers even higher. The result is a further decrease in retail investor participant. For example, the minimal lot for a popular stock like Vinamilk is now worth roughly $5,000. The collaboration between KardiaChain and LiveTrade aims to provide a solution for the general public with moderate incomes to have a chance to invest in the stock market through tokenization. The concept is from the success of Robinhood — the commission-free app that allows users to trade and invest in both stock and cryptocurrency with as little regulation as possible.
LiveTrade has been in partnership with some of the major players in the Vietnam stock market such as Vingroup — the $18 billion-worth business, Techcombank — one of the largest joint-stock banks in Vietnam, Vietcombank — one of the biggest commercial banks in Vietnam; on the crypto side, the presence of Stably, Nami Exchange — Kardiachain’s partner, NEXO, Cystack, Ex Market, Trustpay, VINDAX… Such a wide range of options would bring many opportunities for potential investors to take the cake.
About LiveTrade
LiveTrade is a US-based FinTech company with the ambition to position themselves to be the gateway of choice in international investment, banking, credit and tokenizing. With beliefs that no scale of business should be the barrier for investors, LiveTrade aims to be the pioneer in bringing DeFi FinTech to the end users, helping them to gain more access in many aspects of financial investment.
Find out more about LiveTrade
Twitter: https://twitter.com/Livetrade_io/
Facebook: https://www.facebook.com/livetrade.io/
Linkedin: https://www.linkedin.com/company/livetrade-exchange/
Medium: https://medium.com/livetrade-exchange-brokerage
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