By tying core operations to JNT, Jibrel Network ensures that the token isn’t just a speculative asset, but a vital utility within its decentralized financial ecosystem. The Jibrel Network chose to create a dedicated token like JNT instead of relying on ETH or BTC because of their extreme volatility. It would have been too challenging to keep fiat currency liabilities while holding the uncorrelated and volatile crypto-assets. “We’re translating real-world regulation into solidity code and deploying it so that these token transfers can always be KYC compliant without a regulator intervening,” Barghuthi said.
From the very beginning, Jibrel Network was designed to operate within the scope of existing financial laws and regulatory structures. The platform facilitates the tokenization of real-world assets like fiat currencies, equities, and bonds—assets that are deeply embedded in legal and financial systems. To ensure these digital representations (CryDRs) are legally sound, Jibrel Network integrates traditional regulatory standards directly into its architecture. Smart contracts—self-executing code that automates financial agreements—are a cornerstone of Jibrel’s infrastructure. These contracts require JNT to function, acting as “gas” to execute programmable logic on the blockchain.
The architecture is designed with multiple layers of protection to safeguard user data, assets, and smart contract logic. The platform employs rigorous code audits, formal verification of smart contracts, and multi-signature authorization for critical processes to minimize vulnerabilities. Jibrel Network’s compliant infrastructure, coupled with its asset-backed CryDR framework, is what attracts institutional players looking to test or scale their blockchain strategies. Whether it’s for streamlining treasury operations, improving capital efficiency, or launching new financial products, CryDRs offer a viable on-chain solution that aligns with real-world financial needs. Additionally, JNT may be used for governance in future iterations of the protocol, giving token holders a say in decision-making processes such as protocol upgrades, asset listings, or fee structures.
This all may sound understandable enough, but ensuring that this is a practical solution for users across many different verticals requires a self-regulating receipt-based system. These are tokens that represent a traditional financial asset’s value, which will be denominated in Jibrel Network Token (JNT). “Does the user need to know that he’s holding an Ethereum wallet, that these are stored in tokens?” Barghuthi said. Much has been made of all the ways blockchain and cryptocurrencies can potentially displace existing infrastructure.
If you’d like to start investing in Jibrel, JNT trading pairs are currently being offered on Bibox and IDEX. For its first roll-out, jCash, an ERC-20 token, will offer USD, GBP, EUR, RUB, AED, and CNY CryDRs.
This dynamic creates a direct link between the success of the platform and the value proposition of the token. Ten percent of these, 20 million JNT, were allocated for the token presale and 60 percent, or 120 million, for the token main sale. The team receives 15 percent, or 30 million JNT, while advisors and partners get another 10 percent, 20 million JNT. JNT will be listed on multiple exchanges to make it easier for users to acquire. “Blockchains are a database, a new way of storing data in a particular contract,”Barghuthi said. “Smart contracts are a way to execute certain commands in a decentralized way, and be able to remove trusted intermediaries, or middlemen, from the equation.”
JNT Price
Jibrel Network provides currencies, equities, commodities and other financial assets and money instruments as standard ERC-20 tokens on the Ethereum blockchain. In the medium to long-term, Jibrel will focus on tokenizing debt instruments and their derivatives- thereby streamlining large portions of retail investment and investment banking operations. An investor can tokenize financial assets by transferring liquid assets to the Jibrel AG Fund located in Zug, Switzerland, where they are held. Illiquid assets receive their securitization via JNT for the underlying currency. Any transaction that involves that tokenized asset in question will then be done using JNT. Because the tokenized assets are a type of standard ERC-20 token, users can rely on any ERC-20 wallet to send, receive, and exchange their CryDRs.
- Particularly notable amongst them is Don Tapscott, a global leader in Blockchain and the author of Blockchain Revolution.
- Ethereum introduced the concept, but now a host of other blockchain networks employ them, including Cardano, NEO, TRON, Qtum, among many others.
- The minimum accepted investment is US$ 100 and the maximum investment limit is US$ 850,000.
- This accountability builds trust and opens the door for broader adoption of DeFi among banks, asset managers, and fintech firms.
- JNT serves as the transaction medium and fuel for all operations within the Jibrel Network.
- For users, rewards in JNT may be distributed for engaging with tokenized assets, providing liquidity, or contributing to governance.
Eventually, the Jibrel Network hopes to create consumer banking that is fully decentralized and automated. In addition, Jibrel builds strong relationships with traditional financial institutions, offering them a secure, compliant way to experiment with blockchain technology. These partnerships are essential for integrating tokenized assets into the broader financial system and unlocking new financial products that combine the strengths of both worlds. The Jibrel network consists of a decentralized platform that has been designed to help with the easy tokenization of digital assets. These tokens will serve as equities, currencies, commodities, etc. that will be fully usable within the Ethereum blockchain. They will be referred to as Crypto Depository Receipts (CryDR) and will make use of smart contracts for all transaction purposes.
- However, the use of crypto is still heavily restricted by issues related to usability and geography.
- This compliance-focused architecture helps prevent misuse while maintaining a permissioned and trustworthy environment for all users.
- To ensure these digital representations (CryDRs) are legally sound, Jibrel Network integrates traditional regulatory standards directly into its architecture.
- “It’s governance without governance. We can ensure that we still meet the KYC standards, the anti-money laundering, the anti-terrorism financing standards—all without killing the decentralized dream.”
According to his LinkedIn profile, Yazan has been in the financial sector for nearly a decade, and previously worked at management consultancies such as Oliver Wyman and Deloitte. Importantly, the Jibrel Network also makes use of guarantors to ensure that all of its tethered tokens remain stable in value. Jibrel Network Token (JNT) will be publicly traded on at least five exchanges as soon as February 1st, 2018. The minimum accepted investment is US$ 100 and the maximum investment limit is US$ 850,000. “We actually sat down and analyzed how all these wallets were built, and we’ve come to so many steps where we’re like, ‘Why did they build it like this?'”Barghuthi said. JWallet was conceived after the Jibrel team surveyed the crypto wallet landscape and decided that they needed to build one with a higher degree of security.
However, through the conversion of these assets into a single tokenized entity, Jibrel allows different currencies and assets to be traded via a single platform. Ever since the launch of Bitcoin back in 2009, blockchain technology has started to transform various aspects of our everyday lives. Through the use of this technology, we are able to streamline transactions in a completely decentralized way, thereby allowing for maximum transparency. However, the use of crypto is still heavily restricted by issues related to usability and geography. Additionally, there also exist various systemic risks due to bottlenecks that make it hard to convert traditional assets to digital assets (and vice versa).
ContractCreator
At the core of the Jibrel Network is the Ethereum blockchain, chosen for its proven reliability, mature development ecosystem, and global adoption. Ethereum enables the creation of programmable, self-executing smart contracts that serve as the backbone of the platform’s operations. These contracts automate the issuance, redemption, transfer, and management of tokenized financial assets—known as CryptoDepository Receipts (CryDRs). At the heart of the Jibrel Network lies its native utility token—Jibrel Token (JNT). More than just a cryptocurrency, JNT is a foundational asset that powers the entire Jibrel ecosystem. It plays a critical role in enabling seamless transactions, enforcing smart contracts, and incentivizing participation from both users and developers.
Built with a clear mission to bridge traditional finance with blockchain technology, Jibrel Network is a protocol focused on bringing real-world financial assets on-chain in a secure, compliant, and regulated manner. The project is designed for institutions, developers, and regulators who understand the long-term value of tokenizing traditional financial instruments. At its core, Jibrel Network’s mission is to enable the digitization and tokenization of traditional financial assets—think bonds, equities, currencies, and other financial instruments. These tokenized assets, or “CryptoDepository Receipts (CryDRs),” represent real-world value, making it possible to interact with them on the blockchain just as easily as with cryptocurrencies.
This automation removes the need for intermediaries, reducing operational costs while increasing the efficiency and accuracy of financial processes. This process involves strict custodianship and legal frameworks to ensure that the tokenized assets remain compliant with financial regulations. The underlying assets are stored and managed by licensed custodians, while CryDRs are minted and burned based on deposits and withdrawals. This ensures each CryDR is always fully backed and redeemable, maintaining trust and accountability within the system. This approach not only increases liquidity and accessibility but also opens the door for global, 24/7 markets that are more inclusive and efficient. By transforming financial products into blockchain-compatible tokens, Jibrel Network jibrel network token is pushing the boundaries of how traditional finance operates in the digital age.
Jibrel Network (JNT): Tokenizing Real-World Assets
These incentives not only drive usage but also foster a committed and invested community. Its framework includes Know Your Customer (KYC), Anti-Money Laundering (AML), and financial reporting standards. These built-in compliance features make it suitable for real-world financial institutions looking to explore blockchain solutions without exposing themselves to regulatory risk.
The Role of Traditional Finance Solutions in Strengthening Web3
For all the ways it can’t—and there are many—Jibrel is leading the way in integrating the cutting edge technology with traditional assets, laying the foundation for blockchain implementations on a global scale. A major component of Jibrel’s compliance model is its robust Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. In contrast to many DeFi platforms that allow for anonymous participation, Jibrel requires identity verification for all users interacting with tokenized financial products. In Q1 of 2018, the Jibrel Network releases its dedicated CryDR block explorer that will allow users to track CryDRs in more detail on the network.
Why Should Traders And Investors Trade Cryptocurrencies With A CFD Broker Like Moneta Markets?
By engaging proactively with regulatory bodies, Jibrel aims to shape the future of compliant DeFi infrastructure. This collaborative approach allows the platform to stay ahead of regulatory changes, align with jurisdictional requirements, and advocate for policies that support innovation without sacrificing oversight. For more insights and updates on the latest trends in crypto, be sure to check out our Nifty Finances platform, which is your gateway to smarter financial decisions in the digital economy. To keep users safe, all the Jibrel Smart Contracts were audited by New Alchemy, its security partner. For further security, the financials of Jibrel are reviewed as well as audited by PwC, its financial transparency partner.
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This creates consistent demand for JNT as more users engage with tokenized assets and automated financial services on the platform. By enabling assets like USD, EUR, and corporate bonds to be tokenized, Jibrel Network acts as a digital bridge—linking regulated financial markets with the decentralized world of Web3. It’s not just about creating tokens; it’s about creating meaningful utility for them within a regulated ecosystem. While still in its infancy, the Jibrel Network is already offering the market a unique platform that will digitize various assets by placing them on the blockchain. As a result, users may gain access to a blockchain-based ecosystem providing a secure way of transferring physical assets through the use of a digital currency. Since digital financial assets can be cumbersome to trade, users often have to make use of various services to exchange these commodities in an easy manner.