Paraguayan government to invest $6 million to purchase Polkadot-based tokenized equity

ChainCatcher news, according to Cointelegraph, the Paraguayan government will invest $6 million in tokenized equity on Polkadot to develop the Asunción Innovation Valley, with projects including a hotel, a university, and a data center. This investment aims to promote local economic development.

In terms of tokenized equity, this project will utilize blockchain technology to provide transparency and a democratized way to access equity. The project is expected to be completed in 2025, but specific implementation details and timelines have not yet been disclosed.