Bittime – Hacken, a leading blockchain security checking firm, announced a revolutionary step in equity tokenization. By associating his company's native token, $HAI, Hacken paved the way for token holders to own shares in real businesses, making him a pioneer in the industry.
Tokenization of Crypto and Business Connecting Equity
Hacken has begun the process of tokenizing 10% of its equity, which is now represented on the Ethereum blockchain as a tokenized asset. Holders of $HAI tokens, both existing and new, now have the opportunity to exchange their assets for Hacken Equity Shares ($HES).
With a value of 1 million shares per share $HAI, there are 100 shares available for exchange. According to Hacken's report, 87% of the $HAI tokens earned from this process will be burned, demonstrating their commitment to reduced token supply and increased value for shareholders.
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Strategy Towards IPO
The move is part of Hacken's long-term strategy to become a publicly listed company. This tokenization is expected to increase accountability and transparency, as well as strengthen the relationship between the $HAI token and Hacken's business ecosystem. In addition, it gives private investors the opportunity to enrich their crypto portfolios with DeFi assets directly tied to real businesses, offering stability and low risk typically found in traditional finance (TradFi).
Hacken's Commitment
Hacken has planned several important steps towards achieving status as a public organization:
- Authorized RWA Secondary Market Opening after the tokenization round is complete.
- Exit opportunities through equity buybacks in the next investment round.
- The IPO target is in 2027 as a strategic goal.
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Technical Implementation and Investment Opportunities
Hacken's technical tokenization process is carried out alongside Brickken, an asset tokenization protocol. Hacken's tokenized equity is now available on Brickken's RWA marketplace, accessible to all investors who have gone through a KYC verification process. $HAI holders who first diversify their portfolios with Hacken Equity Shares will get the most favorable conditions, given the volatility of the asset.
Statement from CEO Hacken
Dyma Budorin, Co-Founder and CEO of Hacken, shares his views on this big move:
"We are entering a new chapter in our Web3 journey, where Hacken is leading the way with a new example. Token investment is now transcending digital boundaries to become an integral part of real-world transactions," Budorin said.
"Our commitment to RWA tokenization is more than just a strategic move; This is a transformative shift, one that strengthens coherence, diversity, and connectivity within our communities. This represents a broader evolution in the way private crypto investors interact with blockchain projects," he added.
About Hacken
As a trusted blockchain security checker, Hacken offers high-quality solutions at every level of blockchain security. Their services include Smart Contract Audit, Blockchain Protocol Audit, dApp Audit, Penetration Testing, and CCSS Audit. Hacken's product portfolio includes HackenProof, CER.live, and Extractor, all of which contribute to increased security in the crypto space.
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What is Hacken Token (HAI)? Cybersecurity Services
6 Ways to Avoid Crypto Rug Pull on DeFi
What is Horizen (ZEN)? Leading Privacy and Security Offerings in the Blockchain Age
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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