Petale Joins Consensys Scale Program to Accelerate the Adoption of Tokenized Real-World Assets
Building on its ongoing engagement with ConsenSys technologies and the forthcoming mainnet launch of its Vortex Blockchain, Petale capitalizes on ConsenSys’ protocols and products such as Linea, MetaMask, and Infura to enhance its on-chain infrastructure, aiming to streamline digital investments in the real economy.
Having partnered with ConsenSys through its Scale Program in June 2023, Petale enhances and broadens the Vortex cross-chain interoperability with Infura, and an optimized execution layer for zkEVM transactions enabled by Linea. Moreover, MetaMask and MetaMask Institutional KYC-verified wallets will be seamlessly integrated, allowing for interactive engagement with Petale’s App and Tokenized assets.
Future of Finance is on-chain
Petale remains steadfast in the belief that the future of the economy will unfold on-chain, revolutionizing cross-border settlements and foreign direct investments with improved programmability.
The decision to join the ConsenSys Scale Program is driven by a mission to accelerate Web3 adoption and alter the methods of securing and trading real-world assets. As a significant force in the blockchain industry, ConsenSys contributes indispensable expertise to Petale’s growth and advancement towards realizing its vision.
- Metamask and Metamask Institutional to access tokenized assets
Empowering users with a configurable experience is pivotal to mass adoption. Petale has developed its Fintech App and Wallet, and offers access to KYC’d MetaMask wallets, providing a familiar interface and making it convenient for investors to participate in tokenized assets settlement and investment operations.
- Leveraging Infura for cross-chain financial application:
The Vortex network, which is key to Petale’s mission of forging a more decentralized, secure, and compliant blockchain infrastructure for real-world assets, is experiencing an expansion of its cross-chain capabilities. This development results from Petale’s collaboration with Infura, which ensures scalable and accessible integration of Petale’s tokenized assets across chains, including the facilitation of upcoming bridges. Petale also capitalizes on scalable consensus algorithms, offering the advantage of transaction costs that are ~10,000x lower than Ethereum.
- Exploring Linea zkEVM for the deployment of Real-World Assets:
Petale is investigating the integration of ConsenSys’s Linea, a zkEVM Layer 2 solution, to improve the deployment of tokenized real-world assets on the Ethereum network, expanding Petale’s capabilities cross-chain. This integration with Linea is anticipated to facilitate a smoother transition of liquidity from traditional markets to decentralized finance (DeFi).
- Vortex and Smart Contract Improvements:
Petale’s technical team has capitalized on the extensive developer network provided by ConsenSys, gathering strategic insights and support that have substantially accelerated the development phase. By adopting advanced security practices, such as fuzzing, Petale has strengthened the security framework of its smart contracts, thereby ensuring that tokenized assets on the Vortex network adhere to the highest security standards, in preparation for the Vortex network’s mainnet launch.
By joining the ConsenSys Scale Program in June 2023, Petale embarked on a journey to democratize finance and asset management, through on-chain accessibility and inclusivity of tokenized assets to every corner of the globe.
Through our partnership with the ConsenSys Scale program, Petale is at the forefront of integrating real-world asset tokenization with the backbone of Ethereum’s infrastructure. We recognize the profound impact of aligning with ConsenSys’s robust tooling capabilities and its dynamic community. This collaboration is a strategic step in leveraging blockchain’s potential to unlock new efficiencies and enable seamless synergy across platforms such as Ethereum and Layer 2 solutions like Linea,” said Paul-Antoine Arrighi, CTO of Petale.
This collaboration with Consensys marks a strong step in Petale’s journey to transform traditional financial operations using blockchain and tokenization technologies.
For more information about Petale, contact-us or visit our website.
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