Silver Scott Retains Next Realm AI to Build Comprehensive Blockchain Governance Framework for RWA Tokenization
Silver Scott Mines (OTC PINK:SILS) has partnered with Next Realm AI to develop a comprehensive blockchain governance framework for real-world asset (RWA) tokenization. The framework will include three main components:
1. A Governance Committee comprising financial executives and regulatory experts, supported by a Regulatory Advisory Board and institutional node validation network.
2. A Compliance Infrastructure featuring advanced KYC/AML integration, real-time transaction monitoring, auditable smart contracts, and comprehensive risk management.
3. Implementation of ERC-3643 protocol for smart contracts, enabling permissioned token issuance and management with built-in decentralized identity framework.
The initiative aims to meet institutional investors' requirements and regulatory standards while improving liquidity throughout Silver Scott's blockchain network.
Silver Scott Mines (OTC PINK:SILS) ha stretto una collaborazione con Next Realm AI per sviluppare un quadro di governance blockchain completo per la tokenizzazione degli asset del mondo reale (RWA). Il quadro comprenderà tre componenti principali:
1. Un Comitato di Governance composto da dirigenti finanziari ed esperti normativi, supportato da un Consiglio Consultivo Normativo e una rete di validazione dei nodi istituzionali.
2. Un Infrastruttura di Conformità che presenta un'integrazione avanzata KYC/AML, monitoraggio delle transazioni in tempo reale, contratti smart auditabili e una gestione del rischio completa.
3. Implementazione del protocollo ERC-3643 per contratti smart, che consente l'emissione e la gestione di token autorizzati con un framework di identità decentralizzato integrato.
L'iniziativa mira a soddisfare i requisiti degli investitori istituzionali e gli standard normativi, migliorando al contempo la liquidità all'interno della rete blockchain di Silver Scott.
Silver Scott Mines (OTC PINK:SILS) se ha asociado con Next Realm AI para desarrollar un marco de gobernanza blockchain integral para la tokenización de activos del mundo real (RWA). El marco incluirá tres componentes principales:
1. Un Comité de Gobernanza compuesto por ejecutivos financieros y expertos regulatorios, apoyado por un Consejo Asesor Regulatorio y una red de validación de nodos institucionales.
2. Una Infraestructura de Cumplimiento que presenta integración avanzada de KYC/AML, monitoreo de transacciones en tiempo real, contratos inteligentes auditables y gestión de riesgos integral.
3. Implementación del protocolo ERC-3643 para contratos inteligentes, que permite la emisión y gestión de tokens autorizados con un marco de identidad descentralizado incorporado.
La iniciativa tiene como objetivo satisfacer los requisitos de los inversores institucionales y los estándares regulatorios, mejorando al mismo tiempo la liquidez en la red blockchain de Silver Scott.
실버 스콧 마인즈 (OTC PINK:SILS)는 넥스트 레얼 AI와 협력하여 현실 자산(RWA) 토큰화를 위한 포괄적인 블록체인 거버넌스 프레임워크를 개발하고 있습니다. 이 프레임워크는 세 가지 주요 구성 요소를 포함할 예정입니다:
1. 금융 임원 및 규제 전문가로 구성된 거버넌스 위원회, 규제 자문 위원회 및 기관 노드 검증 네트워크의 지원을 받습니다.
2. 고급 KYC/AML 통합, 실시간 거래 모니터링, 감사 가능한 스마트 계약 및 포괄적인 리스크 관리를 특징으로 하는 준수 인프라.
3. 허가된 토큰 발행 및 관리를 가능하게 하는 ERC-3643 프로토콜의 스마트 계약 구현, 내장된 분산 신원 프레임워크와 함께.
이 이니셔티브는 기관 투자자의 요구 사항 및 규제 기준을 충족하는 동시에 실버 스콧의 블록체인 네트워크 전반에 걸쳐 유동성을 개선하는 것을 목표로 하고 있습니다.
Silver Scott Mines (OTC PINK:SILS) s'est associé à Next Realm AI pour développer un cadre de gouvernance blockchain complet pour la tokenisation des actifs du monde réel (RWA). Ce cadre comprendra trois composants principaux :
1. Un Comité de Gouvernance composé de dirigeants financiers et d'experts en réglementation, soutenu par un Conseil Consultatif Réglementaire et un réseau de validation des nœuds institutionnels.
2. Une Infrastructure de Conformité comprenant une intégration avancée KYC/AML, une surveillance des transactions en temps réel, des contrats intelligents audités et une gestion des risques complète.
3. Mise en œuvre du protocole ERC-3643 pour les contrats intelligents, permettant l'émission et la gestion de tokens autorisés avec un cadre d'identité décentralisé intégré.
L'initiative vise à répondre aux exigences des investisseurs institutionnels et aux normes réglementaires tout en améliorant la liquidité au sein du réseau blockchain de Silver Scott.
Silver Scott Mines (OTC PINK:SILS) hat sich mit Next Realm AI zusammengeschlossen, um einen umfassenden Blockchain-Governance-Rahmen für die Tokenisierung von realen Vermögenswerten (RWA) zu entwickeln. Der Rahmen wird drei Hauptkomponenten umfassen:
1. Ein Governance-Ausschuss, der aus Finanzmanagern und Regulierungsfachleuten besteht, unterstützt von einem Regulierungsausschuss und einem Netzwerk zur Validierung institutioneller Knoten.
2. Eine Compliance-Infrastruktur, die eine fortschrittliche KYC/AML-Integration, Echtzeit-Transaktionsüberwachung, prüfbare Smart Contracts und umfassendes Risikomanagement umfasst.
3. Implementierung des ERC-3643-Protokolls für Smart Contracts, das die genehmigte Token-Ausgabe und -Verwaltung mit einem integrierten dezentralen Identitätsrahmen ermöglicht.
Die Initiative zielt darauf ab, die Anforderungen institutioneller Investoren und regulatorischer Standards zu erfüllen und gleichzeitig die Liquidität im gesamten Blockchain-Netzwerk von Silver Scott zu verbessern.
- Partnership with Next Realm AI strengthens regulatory compliance capabilities
- Implementation of institutional-grade blockchain infrastructure could attract regulated financial institutions
- ERC-3643 protocol integration enhances security and compliance at smart contract level
- No current revenue or operational metrics provided
- Framework is still in exploratory phase with no implementation timeline
- Success depends on future regulatory developments and institutional adoption
FRANKLIN, NEW JERSEY / ACCESS Newswire / February 19, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS), a company focused on the tokenization of real-world assets (RWA) for the blockchain, has retained Next Realm AI to advise on building the company's blockchain marketing and compliance framework.
Next Realm AI has begun advising Silver Scott on best practices and business strategy for our private blockchain for the tokenization of Real-World Assets (RWA) in commodities, real estate, and private capital.
The following frameworks are currently being explored for Silver Scott's tokenization blockchain:
Governance Committee
The company will establish an independent Governance Committee of financial executives, regulatory experts, and risk management professionals to oversee and enforce compliance standards.
Regulatory Advisory Board: A panel of former regulatory officials and compliance officers providing ongoing guidance on evolving digital asset regulations and jurisdictional requirements.
Institutional Node Validation: A permissioned network of regulated financial institutions operating validator nodes with transparent voting mechanisms.
Cross-Border Governance Framework: Structured policies addressing multi-jurisdictional requirements and international regulatory standards.
Compliance Infrastructure
Silver Scott will also look to implement a multi-layered compliance infrastructure designed to meet institutional investors' and regulatory bodies' requirements.
Advanced KYC/AML Integration: Identity verification system integrated with major global compliance databases and screening tools.
Real-Time Transaction Monitoring: AI-powered surveillance system detecting suspicious patterns and enforcing regulatory thresholds.
Auditable Smart Contract Framework: Standardized smart contracts with built-in audit trails, compliant with ISDA digital asset standards.
Comprehensive Risk Management: Real-time risk assessment system monitoring market exposure, counterparty risk, and compliance metrics.
Smart Contracts
The company will also explore security at the smart contract level through the ERC-3643 protocol, an open-source smart contract enabling the issuance, management, and transfer of permissioned tokens. Its built-in decentralized identity framework ensures only users meeting pre-defined conditions can become token holders, even on permissionless blockchains.
The transfer of ERC3643 tokens requires both investor rules and offering rules to be fulfilled, ensuring compliance at the smart contract level.
Tom Bustamante, Founder & CEO of Next Realm AI, commented, "As the SEC continues to develop a more positive outlook on digital assets, we believe building compliant frameworks is still essential for attracting institutional investors. Our philosophy is simple: if you're going to do it, then do it right."
"We will advise Silver Scott on establishing an independent oversight committee and implement standard compliance measures, including anti-money laundering controls and transparent smart contracts. Having these elements in place will make it easier to partner with regulated financial institutions, ultimately improving liquidity throughout Silver Scott's blockchain network."
About Silver Scott Mines, Inc
Silver Scott Mines, Inc. (OTC:SILS) is a forward-focused holding company accelerating blockchain integration across traditional asset classes. Specializing in private blockchain solutions for institutional-grade tokenization, the company enables fractional ownership models and cryptographic validation of assets through TrustNFT technology. The company acquisition pipeline will target blockchain-enhanced opportunities in healthcare, cleantech, and digital platforms. www.silverscottdigital.com
LinkedIn: www.linkedin.com/company/silverscott-blockchain/
X: https://x.com/silverscottmine
Forward Looking Statements
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines, are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.
Contact Information
Stuart Fine
CEO
stuartfine@silverscottmines.com
908-356-9852
Next Realm AI
917-746-8054
www.nextrealm.ai
SOURCE: Silver Scott Mines Inc
View the original press release on ACCESS Newswire
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