WhiteRock, a leading on-chain brokerage for tokenized securities, has raised over $10 million in contributions on the first day of the Fair Token Launch for the White Network token, the native gas token of its new Layer 1 blockchain, White Network
, a leading on-chain brokerage for tokenized securities, has raised over $10 million in contributions on the first day of the Fair Token Launch for the White Network token, the native gas token of its new Layer 1 blockchain,Building on WhiteRock’s position as the largest project on the XRP Ledger, White Network empowers institutions to tokenize real-world assets with enterprise-grade security, 200,000 transactions per second with instant finality, and protocol-level compliance through KYB, KYC, and AML integration.
The White Network token serves as the native gas token for the network, supporting transactions, governance, and platform services. Participants can acquire the White Network token by contributing Ethereum or WHITE. Ethereum contributions are first converted to WHITE. WHITE contributed, either directly or via Ethereum, will be permanently removed from circulation. The amount of WHITE contributed will mirror the number of White Network tokens distributed.Every transaction on White Network, from RWA settlements to on-chain compliance checks, will consume the White Network token as gas, establishing it as the protocol’s economic backbone. While gas settlement is its core function, additional utilities like validator staking, governance, and ecosystem incentives are under review. This design keeps core infrastructure secure while WHITE remains active at the application layer, supporting trading and platform logic without interfering with network economics.Built-in compliance: Protocol-level KYB, KYC, and AML enforcementTradFi integration: Permissioned liquidity pools linked to traditional markets“Unlike platforms that only offer technology, White Network launches with billions in pre-committed institutional assets,” said Maxime Pizzolitto, Co-founder of WhiteRock. “Traditional finance has been waiting for a compliant gateway to DeFi. This is it.” Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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