Business
READEN HOLDING CORP (OTCID: RHCO) ANNOUNCES ACQUISITION OF PROXIMA TRADING F.Z.E., VARA LICENSE PATHWAY, AND EXPANSION INTO REAL-WORLD ASSETS (RWA) TOKENIZATION
READEN HOLDING CORP (OTCID: RHCO) ANNOUNCES ACQUISITION OF PROXIMA TRADING F.Z.E., VARA LICENSE PATHWAY, AND EXPANSION INTO REAL-WORLD ASSETS (RWA) TOKENIZATION.
About this update from Readen Holding Corp.
[{"type":"text","content":"READEN HOLDING CORP (OTCID: RHCO) ANNOUNCES ACQUISITION OF\r\n PROXIMA TRADING F.Z.E., VARA LICENSE PATHWAY, AND EXPANSION INTO REAL-WORLD\r\n ASSETS (RWA) TOKENIZATION\r\n\r\n \r\n\r\nReaden\r\n Holding Corporation (OTCID: RHCO), a venture capital specializing in Fintech,\r\n Digital Payments, and E-commerce, today announced the acquisition of Proxima\r\n Trading F.Z.E., a Dubai-based IT consulting company. Through this acquisition,\r\n RHCO will obtain a VARA license in Dubai, providing the regulatory foundation\r\n for the Company’s entry into the Real-World Assets (RWA) tokenization business,\r\n with an initial focus on Europe, the U.K., the UAE, and Georgia.\r\n\r\n \r\n\r\nAcquisition\r\n of Proxima Trading F.Z.E. and VARA License\r\n\r\n \r\n\r\nProxima\r\n Trading F.Z.E., headquartered in Dubai, brings extensive expertise in IT\r\n consulting and systems integration. More importantly, through this subsidiary,\r\n RHCO will obtain authorization from the Dubai Virtual Assets Regulatory\r\n Authority (VARA). This license will enable RHCO to operate legally in\r\n tokenization and other virtual asset-related activities within Dubai’s\r\n blockchain-forward regulatory environment.\r\n\r\n \r\n\r\nThe\r\n VARA license significantly enhances RHCO’s regulatory standing, creating a\r\n robust compliance framework to launch digital asset strategies and expand\r\n securely into global markets.\r\n\r\n \r\n\r\nExpansion\r\n into Real-World Assets (RWAs)\r\n\r\n \r\n\r\nLeveraging\r\n Proxima’s expertise and the VARA license, RHCO will launch a comprehensive RWA\r\n tokenization program, fully integrated with RHCO’s licensed crypto exchange, Finexeble.com. Finexeble is a regulated\r\n platform based in the Czech Republic, authorized under the EU’s\r\n crypto-licensing framework. It supports major cryptocurrencies such as BTC,\r\n ETH, and USDT, offering seamless fiat-to-crypto conversion, real-time trading,\r\n and cost-efficient transactions. In addition, Finexeble provides merchants with\r\n blockchain-powered payment solutions, enabling them to accept cryptocurrency\r\n payments directly from customers. Through this integration, RHCO will offer\r\n tokenized real property assets to investors, enhancing liquidity, transparency,\r\n and accessibility in markets that were previously difficult to access....