Stanhope Digital partners with poundtoken.io to offer GBPT on its trading desk.

You can now buy and sell GBPT on TenetX Pro – SH Digital’s primary digital asset investment tool available online and soon in app form on apple and android devices.

Thanks to this new partnership, deals have been struck that enable users the real-world ability to purchase luxury goods in GBPT. Rex Motor Company recently sold a Bentley for 75,000 GBPT, and prospective luxury property investors will soon be able to buy luxury properties in Manila Bay, Philippines, with GBPT.

SH Digital is part of the Stanhope Group, founded by ex-MoneyGram, SmallWorld, Travelex & Huobi management, amongst others. Stanhope is a financial services group with an EMI license in Lithuania and a Category 3A investment license from the DFSA in Dubai. SH Digital offers institutional clients the opportunity to execute OTC trades in top cryptocurrencies, including GBPT, alongside its TenetX Pro wallet.

On the partnership, Mohit Davar, Co-Founder at SH Digital, said, “Already we are seeing merchants sign up to use TenetX Pro thanks to our partnership with poundtoken, with one selling a Bentley motor car. We are already proving the use case of international remittances in exchange for luxury goods across borders.”

Alan Sun, CEO at poundtoken, says, “SH Digital’s mission of providing a seamless experience to its institutional clients by bringing the traditional world of banking and digital assets together in a fully compliant manner, aligns perfectly with ours. We are delighted to be listed among the top cryptocurrencies on TenetX Pro.”

TenetXPro is confirmed as one of the primary partners of poundtoken, providing efficient access to stablecoin and allowing GBPT distribution to multiple markets through its extensive global network. With a focus on digital asset trading and partnerships with local financial institutions, TenetX Pro can operate in major markets. Stanhope Digital supplies fiat on and off-ramp options, allowing seamless transactions between fiat and crypto assets.

In the coming months, SH Digital expects to onboard many more businesses enabling them to accept this stablecoin. As poundtoken use increases, so will the opportunities for consumers and investors powered by TenetX.

About Stanhope Group

Founded by Mohit Davar, Kevin von Neuschatz, Stanhope Financial Group which has 3 business lines began operations in October 2021. Its SH Payments division, licensed as an Electronic Money (EMI), offers banking services to SMEs, regulated institutions, and virtual asset service providers, enabling them to efficiently send and receive money across the globe, including spot FX, multi-currency accounts, dedicated named bank accounts and innovative payments solutions. The company’s SH Capital division, which has a Category 3A license issued by the DFSA and is located in the DIFC, Dubai, allows private individuals, institutions, and family offices to gain access to premium global investment products across all capital markets. Its affiliate company, SH Digital, which has a Virtual Asset Service Provider (VASP) registration in Lithuania and license in Dubai (DMCC), offers cryptocurrency liquidity and trading services through its Institutional trading platform TenetXPro and retail platform Tenetx.

Published On: November 23rd, 2022 / Categories: press /

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