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Ripple’s IPO could be positive for XRP: Coinfield CEO

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UPDATE: The headline of the article has been updated.

Coinfield’s XRPL project, Sologenic announced its Initial Exchange offering [IEO] on 18 February and the team expects to sell at least 10% of the total supply of SOLO token by 25 February. This will enable users to trade into SOLO tokens, according to the CEO of CoinField, Bob Ras.

Ras in an interview with AMBCrypto said:

“Our goal for IEO is to sell 10% of the total supply, which is about 40 million SOLO. Our presale was a success.”

He added:

“…but the main goal is that we get SOLO listed in other major exchanges.”

The team will also be enabling trading of securities in Q3-4 when the brokerage licenses are issued.

Ras also expressed a positive attitude towards Ripple’s IPO and said that if Ripple stocks were available, it will be listed on Sologenic. Ras elaborated:

“So I think by launching an IPO, Ripple is going to be much more stronger. And obviously XRP is decentralize, you know, they, then, they’re not centralized, but, it’s going to affect. If Ripple is going to launch an IPO, it’s going to have some effect on the price of the XRP, which I think is positive.”


Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.
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