Aug. 17 at 12:01 PM
$FERN
So, they must be doing something separate with tokenbloq accounting... it seems to be its own corporation, and this is where I was asking months ago, who the principles are? If you look at the RWA MERC, it has 3 different distributions... that's tied to tokenbloq accounting. I don't know how it is set up, but it very much looks like all revenue from tokenbloq is - or at least, was for the 2nd quarter - flowing to the RWA MERC. For sure, none of it showed up on Fernhill's books.
The RWA MERC is trading, has been trading for 8 weeks. That means tokenbloq is running. Not maybe, it is happening. BitGo, Solara, Fernhill, and Liquid Mercury should all be making money.