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ARAX Revolutionizes Digital Asset Management

· 5 min read

NEW YORK, NY, USA — November 28, 2023 — Arax Holdings Corp. (ARAT OTCBB) and Core Business Holdings announce the successful deployment of Core Token on Core Blockchain and, with it, the revolutionary CBC20 digital token standard—ushering in a new era in digital asset management.

Following ARAX’s acquisition of Core Business Holdings (CBH) earlier this year, the launch combines Arax’s digital asset innovation with world-leading compliance and regulatory frameworks. The Core Blockchain EcoSystem engine includes:

  • Core Token — tokenization & smart contract platform
  • Ping Exchange — hybrid digital asset exchange
  • Wall Money — regulated lifestyle platform
  • Core Pay — next-generation payment gateway

This multifaceted launch cements CBH as a pivotal element of ARAX’s portfolio, propelling a future where digital asset management is more accessible, secure, and efficient.

Core Token: A Revolution in Digital Asset Management​

Core Token was officially deployed on the Core Blockchain network at 17:23 UTC on November 17, 2023. View on the official explorer: blockindex.net.

Built on the CBC20 standard, Core Token unlocks a wide array of services across the Core ecosystem and facilitates integration of real-world assets (RWAs) into a unified management platform. Total supply: 1,000,000,000.

What CBC20 Enables​

  • Seamless asset conversion across forms/platforms for better UX and liquidity
  • Real-time pricing for accurate, transparent valuation
  • Enhanced security, including offline-capable transactions
  • On-chain incentives to reward participation and network growth
  • Upgradable contracts for future-proof functionality

These features elevate Core Token beyond currency—into a dynamic component that redefines how assets are managed, valued, and secured.

CBC20 vs. ERC20: Raising the Bar​

CBC20 builds on ERC20’s foundations (transfers, approvals, supply) and adds:

  • Advanced contract capabilities (e.g., AccessControl for robust roles & permissions)
  • Greater scalability, adaptability, and customization
  • Heightened security, control, compliance, and versatility

CBC20 is not just an upgrade—it’s a commitment to pushing blockchain standards forward.

The Transformative Impact of RWA Tokenization​

Tokenization is reshaping how assets are funded, traded, and managed. By 2030, tokenized assets (real estate, art, financial instruments) are projected to exceed $4T. Core Blockchain, via Core Token and CorePass (KYC/AML), positions ARAX for this shift, particularly in private market assets.

Core’s smart contract platform plus continuous compliance paves the way for tokenizing virtually any asset—from luxury goods to complex financial products—bringing efficiency, transparency, and liquidity to markets.

Tokenization in the CBH Ecosystem​

CorePass integrates across CBH platforms to provide a secure, regulation-ready environment (KYC/AML). Tradable sectors on Ping Exchange will span multiple industries.

CBH Tokenization Sectors

Security & Trading Features on Ping Exchange​

  • 24/7 transparent trading of asset-backed tokens
  • Paperless efficiency with lower costs
  • Broader access for individuals and SMEs
  • Ongoing KYC/AML monitoring and verification
  • ED448 encryption on Core Blockchain
  • Cold storage and offline signatures during trades

Data privacy: CorePass ID and attributed data are not stored on platforms. Data remains user-held on-device within a decentralized P2P federated network. Future Lunaº Mesh integration will enable geographic data decentralization.

With the surge in tokenized assets, CBH is poised to capitalize—especially across real estate, financial assets, and data—linking CorePass ID to tokenized attributes for seamless Digital Asset Management.

Start Your Tokenization Journey with ARAX & CBH​

Challenges like regulatory ambiguity and limited awareness are addressed via CorePass: clear frameworks, trading rules for digital assets & stablecoins, accredited investor verification, and comprehensive AML/KYC controls. Core’s transparent, traceable approach supports innovation, driving Core Token value and ARAX shareholder value.

Businesses are invited to explore tokenization and join the upcoming Blockchain Hub. Starting with a tokenization-readiness workshop, the Hub guides strategy and partnerships for seamless integration.

Conclusion: ARAX, CBH, and CorePass aren’t just participating in tokenization—they’re shaping its future with a secure, compliant, and versatile platform.

About Arax Holdings Corp​

Arax Holdings Corp. is revolutionizing fintech with a diverse product suite and next-gen technologies, redefining the financial sector for a rapidly changing world.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995​

Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). All statements that are not historical facts are “forward-looking statements.” The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Investors should consider this cautionary statement and furthermore, no assurance can be made that the transaction described in this press release will be consummated. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.