Business Directory, Press Releases, Jobs, Products, Services, Articles
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | News on Your Site

Press Releases

Finbook Pte. Ltd

Press Release

Receive press releases from Finbook Pte. Ltd: By Email RSS Feeds:

DUO Network (Project of Finbook Pte. Ltd.) Launches Testnet to the Public

DUO network (project of Finbook Pte. Ltd.) officially announces to launch testnet to the public.

Singapore, Singapore, February 13, 2019 --( DUO Network, a decentralized platform enabling issuance, trading, and settlement of tokenized digital derivatives, officially launches its DUO DEXTestnet to the public today. It is the first 0x based, decentralized marketplace for trading a new class of tokenized derivative instruments — Collateralized Autonomous Token, or CAT for short, including products such as tranche tokens, options, and structured products.

DUO Network’s innovative design provides an overarching framework for the creating derivatives payoffs tailored to investor’s risk appetite and terms are captured in smart contracts and enforced through price oracles.

CAT possess five key features:

- Collateralized — CAT’s value is backed by digital assets held in its custodian smart contract.

- Splittable — A custodian may create two or more payoff classes of CATs, each representing a partial claim of the underlying collateral. The split can be based on seniority, levels of risk or other option payoff structures.

- Fungible — CATs are two-way convertible with corresponding collaterals. They can be created from depositing collaterals into the custodian smart contract or redeemed back into collaterals anytime during its life-cycle. This mechanism enforces the net asset value (NAV) parity between CATs and their underlying collaterals and allows the market to self-correct any price dislocations.

- Autonomous — Streamlined issuance and settlement procedures mean reduced administrative costs and lower entry barriers. Distributed price oracles help to create a fair and objective reflection of the underlying asset value and safeguard against price manipulations. The result is high degrees of transparency and market autonomy.

- Tokenized — All CATs are ERC-20 compatible. By allowing storage and trading across most existing wallets and exchanges, DUO Network is making it possible for derivative positions to be freely transferred and not bound to any centralized venue.

The team behind the DUO Network project believes the cross-platform trading of tokenized derivatives holds the key to an efficient market by improving decentralized liquidity and price discovery.

The beta test has been available for selected community members, crypto traders and non-profit blockchain clubs since late Jan. The purpose of public testnet is to further improve the platform stability and performance by collecting system data and users’ feedback on a larger scale.

To join DUO DEX Testnet, go to: (optimized for Google Chrome browser).

For any media inquiries, please email us at
Official Website:
Contact Information
Finbook Pte. Ltd.
+65 85316861

Click here to view the list of recent Press Releases from Finbook Pte. Ltd
Promote Your Business