Spirit Blockchain Capital and Troon Technologies Announce Collaboration with Alvara on ERC-7621 Token Standard Development
Vancouver, British Columbia, March 11, 2024 (GLOBE NEWSWIRE) -- In a collaborative effort, Spirit Blockchain Capital (CSE: SPIR), together with its subsidiary Troon Technologies, has partnered with software development firm Alvara to further the development of the ERC-7621 Token Standard, a new initiative aimed at enhancing blockchain-based fund management for institutional clients. This partnership marks a strategic move towards the integration of innovative blockchain solutions within the financial sector.
- The ERC-7621 Token Standard is designed to facilitate the creation of on-chain, multi-asset tokenized baskets, offering a new framework for managing investment portfolios.
- Utilizing the Ethereum blockchain, the ERC-7621 Token Standard aims to bridge the gap between the flexibility of blockchain technology and the needs of traditional investment vehicles.
- The collaboration between Spirit Blockchain Capital, Troon Technologies, and Alvara is focused on leveraging the technical and operational expertise of each entity to realize the full potential of the ERC-7621 Token Standard.
- "In collaboration with Alvara, we're focusing on the technical nuances of the ERC-7621 Token Standard to fundamentally transform fund management practices.