TurinPool is the most complex product we've been developing up to now. The journey up until this point has been quite crazy, and we hope to see it in Q1 2023.
A technical product background.
We started to deploy it over the Liquid Network, a Bitcoin sidechain where you can tokenize. After 9 months of hard work we realized it was the wrong way: Blockstream developers (the ones who hold libraries) weren't doing a good job, and there were too many technical limitations to do bright things because of the fact Liquid (and the Bitcoin networks) are not full Turing. So we chose to leave Liquid in favour of Polygon, a network we knew perfectly well to have been working with from Tutellus.
What is the main financial problem in Pymes?
Stock markets are only available for big corporates. So pymes (small and medium businesses) have very limited ways to get liquidity: some can get loans and the big ones can by other pymes, but it's not a common event.
So the main problem in Pymes is liquidity limitations: it's very complex to get a liquidity event and cash for the stakeholders.
And secondary markets are also a utopia for pymes: there are not enough deep orders and the result is that there's no liquidity. We've tried several secondary markets (like Bewater in Spain), but there's no real liquidity. And this will be a common problem for any small business.
We need real liquidity markets to solve this pain.
Introducing TurinPool, the framework to create liquidity for Equity tokens.
TurinPool is an AMM protocol focused on Equity tokens, intending to create liquidity markets for any kind of Equity tokens.
It's like the Stock market for companies which are not in the Stock market. With TurilPool any company can make liquid their Equity, getting cash for their founders or financing through the market.
TurinPool is 100% compliant with the UE regulation and legislation. It's easy to use, and because of its simplicity, it has been really hard to develop. We hope to launch it during Q1 2023.
Stay tuned and keep working!