A Wrapped Asset is a blockchain token pegged to or collateralized by an asset such as art, gold, fiat currency, debt instrument, equity shares, trade invoices, real estate, etc.
It’s called a "wrapped" asset or token because the original asset is put in a "wrapper" or "digital vault" that enables the wrapped version to be traded on a blockchain.
Some of the benefits of wrapped assets are:
The Wrapped Asset Project (WRAP) brings the world’s assets to your favorite blockchain.
If you are an asset owner or financial institution, WRAP enables you to generate interest-free cash flow. If you are an investor, WRAP helps you to profit from a virtually infinite buffet of investment opportunities.
Wrapped Assets can relate to:
Wrapped Assets can be issued on multiple blockchains including Algorand, Binance Smart Chain, Cardano, Ethereum, Flow, HyFi, Polkadot, Solana, Stellar, and Tron.
WRAP Tokens are Open Blockchain Tokens under the laws of Wyoming, US [W.S. 34-29-106(c)].
To buy WRAP Tokens, signup for a free Future Money Wallet account.