London, April 25, 2024 – RACE, the pioneering blockchain infrastructure dedicated to the tokenization and trading of real-world assets (RWAs), has announced significant partnerships with DFNS and Bridge. These collaborations aim to simplify wallet management and reduce transaction costs, making it easier for users worldwide to engage with on-chain assets.

RACE stands out as the first full-stack blockchain platform specifically engineered for the tokenization of RWAs like real estate and commodities. This platform facilitates seamless trading and management of tokenized assets, ensuring a robust and user-friendly environment for investors. “Our infrastructure is designed not just for today’s market, but for the future of finance,” says Miguel Buffara, Lead Finance Engineer at RACE. “We’re building a gateway to a new economic paradigm.”

Partnership with DFNS

DFNS brings to the table an innovative wallets-as-a-service platform that provides non-custodial, ‘keyless’ wallet solutions. This partnership enables RACE users to manage their digital assets effortlessly, akin to everyday online activities, enhancing the user experience and security. John Conneely, Global Head of Business Development at DFNS, remarks, “We are thrilled to partner with RACE. Our technology makes it as easy to manage blockchain assets as it is to send an email.”

Partnership with Bridge

Working with Bridge, RACE introduces a native stablecoin, which drastically reduces the transaction fees associated with moving from fiat to stablecoins. This collaboration minimizes reliance on traditional financial intermediaries, fostering a more decentralized and cost-effective framework. “By integrating Bridge’s solutions, we are lowering the cost of transactions on our platform by up to 80%,” notes Buffara. This is a crucial step toward making RACE’s platform more accessible and economical for a broader audience.

Future Implications and Mainnet Launch

These strategic partnerships are poised to transform the landscape of blockchain technology and financial services. The upcoming mainnet launch will further cement RACE’s position as a leader in the market, offering more accessible investment opportunities in tokenized assets. “The mainnet launch is just around the corner, and it will be a pivotal moment for investors around the globe,” Buffara adds.

The integration of DFNS and Bridge technologies with RACE not only streamlines processes but also significantly lowers the barriers to entry for users. This democratizes access to investment opportunities in RWAs, traditionally seen as complex and out of reach for many. With these partnerships, RACE is not only enhancing its platform’s functionality but also its appeal to a global audience seeking to invest in the burgeoning field of asset tokenization.

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• Source: https://www.crypto-news.net/race-partnership-dfns-bridge/