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SUMOTEX

Founded in 2021, Sumotex was established to revolutionize the long stagnated real estate industry. Traditional (Web2) Real Estates are known to be illiquid, expensive, and vague where we think that it is time for web3 Real Estate to take over. Our NFTs carries a special trait:Ownership to our investments (metaverse or off-chain assets). Furthermore they will be able to stake their NFT on the IOTEX blockchain while mining token from the Ethereum Network.

Institutional finance has always been the foundation of our economic growth, a paradigm shift towards blockchain is unavoidable. SUMOTEX always believe that the stagnated institutional finance and real estate sector is poised to be disrupted with our Web3 solution, the AssetFi protocol. Our protocol is based on the tokenization of off-chain assets ( Real estates, bonds, funds, company shares).

Integrations

Sumotex Partners with LITTA to Advance Real-World Asset Tokenization

Mon 9th Dec 2024

Sumotex has announced a strategic partnership with LITTA at their first Global Conference, gaining access to LITTA's million-plus community. Key developments: - Successfully tokenized $26M in real-world assets (RWAs) - Developed advanced Oracle system for off-chain data integration - Implementing Solana's zk-compression technology for enhanced scalability The partnership aims to expand RWA tokenization capabilities while leveraging LITTA's established network. This collaboration marks a significant step in making asset management more accessible and efficient through blockchain technology. Learn more about the partnership details and future plans on Sumotex's Medium blog.

Sumotex to Present RWA Oracle at Solana 20X20 Event in Bangkok

Mon 21st Oct 2024

Sumotex is presenting at the 20X20 event in Bangkok, organized by Solana and Mechanism Capital. The company will showcase their Real World Assets (RWA) oracle powered by Solana's ZK-Compression technology. Key features: - Eliminates need for traditional/digital trustees - Enables faster trade execution - Leverages advanced smart contract capabilities The presentation aims to demonstrate how their oracle solution will transform the RWA industry through improved efficiency and reduced intermediaries.

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