HYFI in 2023
The HYFI team & ecosystem has had a super-busy 2023. Here are the details.
Hybrid Finance Blockchain (HYFI) is a Legally-compliant Permissioned Layer-1 Blockchain for the Authentication, Fractionalization, Tokenization, and Trading of Luxury Assets.
The HYFI team & ecosystem has had a super-busy 2023. Here are the details.
1. Government of India Sandbox
On 27 April 2023, HYFI was granted the Limited Use Authorization as a Fintech Entity for developing and testing under the Fintech Innovation Sandbox by the International Financial Services Centres (IFSC).
IFSCA (International Financial Services Centres Authority) is a Government of India authority for the development and regulation of financial products, financial services, and financial institutions in the International Financial Services Centre in India.
2. New company in the US
HYFI Fractions Corporation has been established in Wyoming, US to hold luxury assets being tokenized on the HYFI Blockchain. These include Scotch Whisky Casks listed in the Whisky Fractions Marketplace.
3. Entry into Dubai
HYFI Blockchain Network Services has been incorporated in the Dubai International Financial Centre as a blockchain technology, consulting & education provider.
4. Launch of the Whisky Fractions Marketplace
Whisky Fractions Marketplace (WFM) is a digital platform where users can buy, sell & trade fractional ownership of whisky casks. It went live on 1 September 2023. Register here.
5. HYFI Governance Token
HYFI Tokens are Governance Tokens that give decision-making power to their holders within the Hybrid Finance (HYFI) ecosystem.
HYFI Tokens are not an ownership stake in a traditional sense. Instead, they represent a form of stakeholder power. By holding these tokens, users can influence the direction of the HYFI ecosystem. To learn more, see this post.
6. Education & Awareness
We regularly develop and disseminate content to educate people on blockchain technology, fractional ownership, and tokenization.
Our publications include:
Our events & training programs include:
Blockchain Engineering Program
Whisky Investment Masterclasses
Let’s Talk Tokenization series
8. What’s next for HYFI?
After Whisky, the other luxury assets that HYFI will be tokenizing are:
Art, Antiques & Historical Artifacts
Cars, Planes & Yachts
Coloured Diamonds
Luxury Real-Estate & Private Islands
Rare Books, Coins, Notes, Stamps & Watches
Sneakers, Watches, Clothes & Handbags
Wine & other Luxury Liquors