Tuesday, 02 January 2024 12:17 GMT

QXMP Labs Opens Its Oracle To Enable In-Ground Assets On-Chain For Tokenisation Platforms


(MENAFN- EIN Presswire) EINPresswire/ -- QXMP Labs today announced the global availability of the QXMP Oracle, a proprietary on-chain oracle infrastructure that enables tokenisation platforms to bring in-ground real-world assets on-chain using legally binding geotechnical data.

The QXMP Oracle is the only oracle globally designed to interpret, reference, and publish Tier-1 geotechnical and technical disclosure standards on-chain, including NI 43-101, JORC (2012), and SEMRA-frameworks relied upon by securities regulators, banks, auditors, and institutional investors worldwide.

Until now, tokenisation platforms have largely been restricted to surface-level assets or financial instruments due to the absence of an oracle capable of ingesting and validating subsurface technical data prepared by legally accountable professionals. QXMP Oracle directly addresses this limitation by allowing platforms to reference auditable, regulator-recognised disclosures on-chain without altering their legal standing or professional accountability.

Unlike price-feed or market-data oracles, the QXMP Oracle functions as a neutral disclosure and verification layer, enabling blockchain systems to reference asset-level metadata such as jurisdiction, reporting standards, qualified person accountability, valuation methodologies, and reporting dates. The oracle does not custody assets, issue tokens, or perform valuations.

QXMP Labs confirmed that the oracle is now available for integration by any tokenisation platform, issuer, or infrastructure provider, independent of blockchain architecture. It is natively compatible with the QELT Layer-1 blockchain and interoperable with EVM-based environments.

By enabling legally recognised geotechnical data to be referenced on-chain, QXMP Oracle provides a foundational infrastructure component required to unlock the tokenisation of trillions of dollars in in-ground assets that have historically remained inaccessible to modern capital markets.

“This is not a crypto product-it is infrastructure,” said a spokesperson for QXMP Labs.“QXMP Oracle bridges the physical subsurface world and blockchain using the same standards that govern global resource markets.”

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EIN Presswire

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