Richard Schooley's Contact Details

Richard Schooley's Company Details

Persistence

N/A, N/A, SG • 20 - 49 Employees
Technology Consulting/Tech Services

Persistence One's mission is to facilitate seamless exchange of value around the world to increase the speed and efficiency of cross-border trade and financing to close the $1.5 Trillion financing gap. Persistence One provides a platform to power Debt Marketplaces that match entities with surplus capital (lenders) to entities that require capital (borrowers).To achieve this, Persistence One leverages a few key features of the Blockchain / Cryptocurrency ecosystem:♦️ Movement of capital - in a trustless, borderless, instant and round-the-clock manner♦️ Asset tokenization - tokenizing ‘Real-world' Assets such as invoices, letters of credit, bills of lading (representing goods on a ship) using Non-Fungible Tokens (NFTs).♦️ Decentralised Exchange – to facilitate easy trading and exchange of ‘Real-world' assets against cryptoassets (Stablecoins)♦️ Debt marketplaces – allowing for use of cryptoassets and Real-world assets as collateral to borrow/lend againstOnce a real-world asset has been tokenized into an NFT, it is free to be traded or used as collateral to finance business needs in a quick, easy and global manner.The need for a solution like Persistence One has never been clearer. A sizable and increasing amount of institutional capital and emerging Stablecoins are looking to generate yield. There is an ever-increasing need for MSMEs traders and businesses to access financing. Persistence One matches the two.Persistence One enables more efficient global capital allocation.