Abra, a global platform for digital asset services, today announced it has partnered with Praxis, the first network state, to collaborate on real world asset tokenization, as well as DeFi services to ...
NEW YORK: Abra, a global platform for digital asset services, today announced it has partnered with Praxis, the first network state, to collaborate on real world asset tokenization, as well as DeFi services to network states, including those created on the Praxis platform. This partnership marks the launch of Abra’s new Digital Asset Solutions initiative.
Network states build their population, community, and institutions initially online, crowdfunded with cryptocurrencies, to cultivate a shared way of life and a vision for the future. Next, they coalesce neighborhoods, and build new cities. Today, Praxis has thousands of Citizens from dozens of countries who have built technology companies worth over $400B. Praxis is backed by funds including Paradigm, Bedrock, and angels including Shervin Pishevar, Sam Altman, Joe Lonsdale, and Balaji Srinivasan.
Praxis and Abra intend to create an on-chain database of real estate, businesses, citizenship, contracts, marketplaces, and other on-chain DeFi (decentralized financial) services that interact seamlessly with both online communities and physical cities.
While details of Abra’s new Digital Asset Solutions initiative will be released in the coming weeks, Abra intends, as part of this initiative, to provide a tokenization and DeFi platform for network states and cities created on the Praxis platform. This platform will enable:
Abra intends to extend its asset management platform to tokenized land purchases, including:
Bill Barhydt, CEO of Abra, said: “As the network state enters a new phase of viability, catalyzed by the decline of massive centralized global systems of governance, Praxis and Abra have the opportunity to take a leadership role by creating a decentralized platform owned by the people enabling individual members, businesses, developers, and governments to build capital and reputation across both competing and cooperating network states. We’re therefore extremely excited to be partnering with Praxis to participate in enabling tokenization and DeFi-based financial services to network states and support Praxis as it works towards ultimately enabling physical cities representing network states.”
Shervin Pishevar recently joined Abra as Co-Chairman, is a Praxis Advisor, as well as Co-founder of Sofreh Capital and EdisonAlpha, and one of the founders of the new cities network state movement. Regarding the Abra and Praxis partnership Shervin commented, “As a globally recognized leader in the digital asset markets and a strong believer in the decentralization movement, Abra was naturally the right partner for Praxis. Bill and the Abra team are pioneers when it comes to creating novel crypto services, which aligns with our shared vision for how we take network states and Praxis to the next level. We are excited about the potential of this partnership to transform the way network states operate and are financed, and we believe this partnership will accelerate the network state movement and deliver immense value to both parties and the communities we serve.”
Dryden Brown, founder of Praxis recently wrote, “Early Network States … will create real value through their crypto-native economic infrastructure, earning respect and legitimacy by solving problems that traditional Nation States struggle to address – whether in financial access, public services, property rights, or governance innovation. This incremental approach is aligned with the historical evolution of crypto itself: from a fringe technology to an asset class respected by institutional investors.” He added, “Abra wholeheartedly embraces and embodies the network state vision and we’re excited to partner with them to make this vision a reality.”
About Abra
Abra is a global platform for digital asset prime services and wealth management, leveraging trusted DeFi expertise to connect the on-chain and off-chain ecosystems for private clients and institutions. By integrating trading, borrowing, lending, yield services and asset management into one offering, all underpinned by institutional risk management, Abra provides clients with actionable insights and a competitive edge. Abra’s client base includes a diverse range of private clients, family offices, hedge funds, venture capital and crypto infrastructure firms. https://www.abra.com/. More information about Abra Capital Management LP, including our Form ADV Part 2A Brochure, is available at the SEC’s website, http://www.adviserinfo.sec.gov.
About Praxis
Praxis is building the world’s first Network State: a global online community with a national consciousness, developing a shared way of life, governing institutions, and crowdfunding a physical city. Praxians live in over 82 countries and have founded companies worth over $400B. Praxis is a home for the brave, who strive for virtue and wisdom. Our purpose is to restore Western Civilization and pursue our ultimate destiny of life among the stars.
INFORMATION IN THIS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE. This release is not intended to be (and may not be relied on in any manner as) legal, tax, investment, accounting or other advice or as an offer to sell or a solicitation of an offer to buy any securities or any investment product or any investment advisory service. Past performance is not indicative of future results or a guarantee of future returns.
Fonte: Business Wire
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