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ARAX Launches Groundbreaking PING Exchange

· 3 min read

ARAX Holdings Corp., a leading blockchain-based software innovator in the digital asset management industry, is proud to announce the launch of its most anticipated product — the Ping Exchange.

As part of the Core Business Holdings Ecosystem, a wholly owned affiliate of ARAX, Ping Exchange will revolutionize real-world asset tokenization and introduce digital attribute integration through CorePass — ARAX’s decentralized digital identity verification platform.

Revolutionizing Digital Asset Settlement​

The Ping Exchange, an affiliate of Core Business Holdings, acts as a digital asset settlement platform for both digital and tokenized real-world assets, powered by the Core Tokenization and Smart Contract Platform.

ARAX’s innovative software redefines Digital Asset Management (DAM), enabling secure, seamless connections between tokenized assets and digital identity attributes within CorePass.

“ARAX Holdings Corp. is redefining the boundaries of digital asset management and identity verification,” said Michael Loubser, CEO of ARAX. “The Ping Exchange, with its seamless integration with the CorePass Digital Identity platform, is a game-changer that marks the dawn of a new era in the FinTech and asset management industry.”

Secure, Compliant & Automated Identity Management​

CorePass acts as a decentralized identity enabler with verifiable digital attributes in a secure management and settlement ecosystem.

ARAX’s soon-to-be-deployed digital asset enabler software will integrate directly with CorePass, allowing organizations to automate KYC and AML processes — while maintaining GDPR, CPA, and CCPA compliance across jurisdictions.

“ARAX’s revolutionary approach to digital asset management and identity verification is set to transform the digital landscape,” added Michael Loubser, CEO of ARAX. “The launch of Ping Exchange is a testament to ARAX’s commitment to spearheading innovation and commercializing decentralized blockchain solutions for everyday use.”

Launch Details​

The Ping Exchange, built by ARAX and its affiliate Core Business Holdings on Core Blockchain technology, was officially launched on December 31, 2023, at 7:15 PM CET.

Stay updated with ARAX Holdings Corp. at arax.cc.

About ARAX Holdings Corp​

ARAX Holdings Corp. is a leader in blockchain-based Software-as-a-Service (SaaS) for digital asset management. The company is committed to advancing secure, transparent, and efficient blockchain technologies that redefine how digital assets are managed and authenticated worldwide.

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.