Jibrel Network to Protect Tokenized Assets with Hacken

Hacken, an ecosystem of white-hat hackers and a bug bounty marketplace with a focus on blockchain security, and Jibrel Network, the first protocol with built-in regulatory compliance that allows anyone to put traditional assets like currencies, bonds and other financial instruments standard ERC-20 tokens on the Ethereum blockchain, announce their cooperation.

Talal Tabbaa, Jibrel’s Co-Founder and Business Development Lead, says: “Digital Financial assets is a sensitive field that requires the highest levels of cyber protection. Hacken is building a cybersecurity ecosystem that will combine expertise of the world’s top white-hat hackers and blockchain experts which makes us confident this cooperation will improve the security of our platform. Hacken’s business model is a true revolution in blockchain security”.

Dmytro Budorin, Hacken’s Co-Founder and CFO, says: “The Jibrel Network is bringing traditional financial assets to the blockchain aiming to fully automate and decentralize consumer banking. While blockchain technology provides inherent security itself, the projects which build their products and services around the blockchain require effective penetration testing and bug hunting to make sure they’re protected. Our partnership with Jibrel will help the network detect and mitigate cybersecurity risks in real-time”.

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The Hacken Ecosystem is a community-based business organization consisting of the HackenProof bug bounty marketplace, Zero-day Remuneration Platform, Hacken Accelerator and Cybersecurity Analytics Center. The Hacken Ecosystem utilizes its own cryptocurrency HKN — a dedicated cryptocurrency for white hat hackers, to incentivize users to interact with its ecosystem. Hacken’s vision is to launch a movement that in several years will become one of the main driving forces deterring and countering international cybercrime. For more information please visit: https://hacken.io

The Jibrel Network allows anyone to tokenize traditional real-world assets. Jibrel provides users with Crypto Depository Receipts (CryDRs) — the next generation of decentralized ‘smart tokens’ that are embedded with real-world rules and regulations. Investors can tokenize cash and money market instruments into CryDRs and sell them on-chain, benefiting from on-chain/ off-chain arbitrage. Jibrel facilitates institutional grade liquidity to flow into the crypto-economy in the form of cash and money market backed tokens, allowing decentralized autonomous organizations and funds to diversify their crypto-holdings into more stable assets. For more information please visit: https://jibrel.network

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