MultiversX Tracker is Live!

Blockmaze Receives Guinness World Records Title for over 40 Regulatory Licences at Launch

Finance Magnates

Cryptocoins News / Finance Magnates 32 Views

Blockmaze has received a Guinness World Records title for "Most Financial Regulatory Licences at a Blockchain Ecosystem Launch."

The award was presented to the Blockmaze Foundation during a ceremony attended by UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi, Guinness World Records officials, representatives of Finvasia Group and the Blockmaze Foundation, as well as industry participants.

Al Zeyoudi said the achievement would support the UAE's position as a hub for blockchain, tokenisation and Web3 technologies.

Blockmaze Highlights 40 Regulatory Authorisations at Launch

According to Blockmaze, the record recognises the number of financial regulatory licences and registrations held across its ecosystem at launch. The company said the total exceeded 40.

Tajinder Virk, Co-Founder and Chief Executive Officer of Blockmaze, said the company had brought together "more than 40 regulatory authorisations and registrations" across its ecosystem.

Virk said tokenisation alone was not sufficient, adding that "the real breakthrough comes" when a token represents a legally recognised real-world asset and can operate across regulated markets. He said this requires regulatory, financial and compliance infrastructure.

He added "every token should represent something real," with verifiable ownership and governance.

Blockmaze Combines Licensing, Custody and Compliance

Blockmaze said its platform combines licensing, compliance, custody, payments and market infrastructure to support the issuance, management and distribution of tokenised assets across regulated jurisdictions.

Puneet Mangla, Co-Founder and Chief Operating Officer of Blockmaze, said the record reflected the company's work to build a regulated blockchain ecosystem. He added that future tokenised finance would depend on "trust, institutional-grade infrastructure and global compliance."

Blockmaze provides infrastructure for tokenised financial products, including stocks, contracts for difference, gold and real estate, through services covering issuance, custody, liquidity, payments and compliance.

Mbali Nkosi, Official Adjudicator at Guinness World Records, said the title recognises "the largest number of approved financial licences held by a blockchain ecosystem at the time of its launch."

Nkosi said Guinness World Records reviewed the available evidence and found that Blockmaze held "the highest number of qualifying regulator-issued financial licences" for a blockchain ecosystem at launch.

This article was written by Tareq Sikder at www.financemagnates.com.
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments