AlBank LA Token(Liquid Asset Token)

AlBank LA Token (Liquid Asset Token)

LA Token, stands for "Liquid Asset Token Protocol,” it’s a mechanism that makes sure that the link between a token and underlying asset is legally and technically enforceable.
It enables a peer-to-peer contract rights transfer between the two parties.
Valentin Preobrazhensky had a simple and brilliant idea in 2013. He wanted to develop a peer-to-peer marketplace to increase the transparency and lower the deal costs of home loans in emerging markets so that allow more investors to enter enter, and banks could more efficiently sell loans off of their balance sheets at a fair market value.
With his background in hedge funds and marketplace software development, Valentin Preobrazhensky launched [AIBanks], rebranded to [LA Token], which has become one of the most interesting cryptocurrency startups. in 2016 he had built real traction around the platform seven banks 25 investors and completed over 1,000 transactions through the platform.
just when it seems that nothing can stop Valentin and his team the industry gets a dose of regulatory reality that make them to make some adjustments in the last 24 hours as the SEC uncovered two major unrelated frauds.
LA Token is interesting because it's setting out to build a bridge between "the crypto economy and real economies". It does this by providing a decentralized exchange that enables investors to trade non-bank and non-digital assets, from Apple (eg) stock to rare works of art, using cryptocurrencies.

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