WhiteRock has unveiled the White Network, a purpose-built Layer 1 blockchain designed for institutional-grade real-world asset (RWA) tokenization. The network's native gas token launched via a fair token offering, raising over $10 million in contributions on its first day. This initiative aims to bridge traditional finance with decentralized technology through a compliant, secure infrastructure.
A New Blockchain for Real-World Asset Tokenization
The White Network is engineered to meet the rigorous demands of institutional finance. Built to support the tokenization of assets like stocks, bonds, and commodities, it combines high performance with embedded regulatory compliance. This allows traditional financial entities to engage with decentralized finance (DeFi) in a secure and legally sound environment.
Core Technical Capabilities
The network boasts several key technical features that make it suitable for institutional use:
- High Throughput: Capable of processing 200,000 transactions per second with instant finality.
- Built-In Compliance: Protocol-level integration of Know Your Business (KYB), Know Your Customer (KYC), and Anti-Money Laundering (AML) checks.
- Privacy Infrastructure: Includes WhiteLens, a zero-knowledge shielding system that maintains regulatory compatibility.
- Traditional Finance Integration: Supports permissioned liquidity pools linked to conventional financial markets.
These features ensure that the network can handle large-scale asset tokenization while adhering to global financial regulations.
Understanding the Fair Token Launch
The fair token launch for the White Network token allows participants to contribute using Ethereum (ETH) or WHITE tokens. ETH contributions are automatically converted to WHITE, and all contributed WHITE tokens are permanently removed from circulation. The amount of WHITE contributed directly determines the number of White Network tokens distributed to participants.
Token Utility and Economic Design
The White Network token serves as the native gas token for the network. It is used to pay for transaction fees, including those related to RWA settlements and on-chain compliance verification. This establishes the token as the economic backbone of the protocol.
Additional utilities under consideration include:
- Validator staking
- Network governance
- Ecosystem incentives
This design ensures that core infrastructure remains secure while allowing the WHITE token to continue functioning at the application layer for trading and platform operations.
Driving Institutional Adoption
The White Network enters the market with significant institutional interest. According to Maxime Pizzolitto, Co-founder of WhiteRock, the network launches with billions in pre-committed institutional assets. This level of commitment highlights the demand for a compliant gateway between traditional finance and DeFi.
The fair token launch is currently live, offering an opportunity for participants to acquire the White Network token and engage with this emerging ecosystem.
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Frequently Asked Questions
What is the White Network?
The White Network is a Layer 1 blockchain designed specifically for the tokenization of real-world assets. It offers high throughput, built-in compliance features, and institutional-grade security to bridge traditional finance with blockchain technology.
How does the fair token launch work?
Participants can contribute Ethereum or WHITE tokens to receive White Network tokens. ETH is converted to WHITE, and all contributed WHITE is permanently removed from circulation. The distribution of White Network tokens mirrors the amount of WHITE contributed.
What are the primary uses of the White Network token?
The token primarily serves as gas for network transactions, including RWA settlements and compliance checks. Future uses may include staking, governance, and ecosystem incentives, subject to community review and approval.
Why is institutional adoption important for RWA tokenization?
Institutional involvement brings significant assets, liquidity, and regulatory credibility to the tokenization space. It helps establish trusted frameworks that can encourage broader adoption of blockchain technology in traditional finance.
How does White Network ensure compliance?
The network integrates protocol-level KYB, KYC, and AML checks, ensuring that all transactions meet regulatory standards without requiring additional third-party verification.
What makes White Network different from other blockchain platforms?
Unlike general-purpose blockchains, White Network is specifically designed for RWA tokenization. It combines high performance with built-in compliance and privacy features, making it uniquely suited for institutional use.