DAMREV Joins Forces with Doublejack to Transform iGaming through Blockchain Tokenization.
Date – 01-Aug-2024
Collaborating to explore blockchain tokenization, with the goal of expanding digital banking and insurance through innovative financial solutions.
DAMREV and Doublejack Explore Strategic Partnership to Tokenize iGaming Assets
DAMREV, a leader in Real World Asset (RWA) tokenization, is thrilled to announce a strategic partnership with Doublejack, an innovative iGaming and AI-powered SaaS performance marketing platform. This collaboration aims to revolutionize the iGaming industry through blockchain tokenization, paving the way for advanced digital banking and insurance solutions. These offerings will include ISO 20022-compliant wallets and precious metal-backed tokens, aligning with the global movement towards a gold standard.
Founded in 1999, ITI Data is headquartered in New York City and has offices in the U.K., Australia, and India. The company delivers enterprise business solutions for clients processing significant data volumes with complex data management requirements. With a broad range of business and technology experience, ITI has enabled its clients to manage and consolidate enterprise data, improve business process efficiency, and deliver significant return on investment in their data operations and technology initiatives. ITI Data has deep experience in data management, governance, risk, regulatory and compliance solution delivery with the world’s largest banks, financial services, and healthcare companies. DAMREV’s CEO, Duane Herholdt, expressed excitement about the partnership, highlighting the potential for this groundbreaking initiative to create new investment opportunities and drive substantial growth in the iGaming sector.
Doublejack, which operates in over 190 countries, is known for its robust SaaS performance marketing platform that offers lifetime follower targeting, engagement, and monetization for sports teams. The platform’s unique model shares up to 75% of revenue with partnered sports teams, providing pandemic and economic crisis-proof income streams. With Doublejack, sports teams gain exclusive ownership of their social media followers, transforming them into valuable assets on their balance sheets.
Through this partnership, DAMREV will tokenize Doublejack’s assets, raising funds for partnerships and sponsorships with top sports teams across various disciplines. Additionally, Doublejack plans to expand into a comprehensive digital banking solution, integrating digital wallets and debit cards linked to users’ portfolios. This will offer seamless, secure, and efficient management of winnings, commissions, and real-time cross-border transactions. The platform’s fintech modules, including insurance products that complement banking services, are also in development.
Doublejack’s introduction of a new digital currency, backed by precious metals, is set to redefine the online gaming landscape. This limited-supply currency will serve as the core of Doublejack’s real-time cross-border payments solution, offering exclusivity and significant value appreciation potential. DAMREV will support this initiative by providing ISO 20022-compliant non-custodial wallets and incorporating a unique token design backed by tangible assets like precious metals.
This partnership reflects DAMREV’s commitment to leveraging blockchain to revolutionize iGaming and digital banking, driving unprecedented growth and offering exclusive investment opportunities. Doublejack aims to enhance its market presence and operational efficiency by collaborating with DAMREV, ultimately benefiting both the company and the broader investment community.
DAMREV’s Expanding Influence in Blockchain Asset Tokenization
DAMREV’s expansion into blockchain-based asset tokenization services underscores its dedication to inclusivity and efficiency. The company is rapidly positioning itself as a leading digital asset marketplace, particularly in Africa. By tokenizing a range of new assets, including gemstones, commodities, and real estate, DAMREV is enhancing service efficiency and interoperability on the Stellar blockchain. This expansion aligns with the ISO 20022 standard, ensuring secure and transparent transactions.
Recognized as the Best African Business Tokenization Company of 2023 and the Innovation & Excellence Award 2024 winner for RWA Tokenization in South Africa, DAMREV is making significant strides in fintech. The company’s current projects in Africa and beyond, including the tokenization of diverse commodities and real estate, reflect its commitment to economic growth and financial stability in the region.
DAMREV’s strategic focus on specific sectors and asset classes, combined with its innovative R&D efforts, is pushing the boundaries of digital asset management. The company’s mission of financial inclusion through tokenization empowers a broader range of investors, creating a more accessible and equitable financial ecosystem. With a network of trusted partners, DAMREV is shaping the future of asset management by providing secure, transparent, and efficient tokenization solutions worldwide.
