ARAX, a prominent Blockchain development firm, has joined forces with Longevity Capital Company (LCC), a bond issuer, to introduce a blockchain-driven solution for the life insurance settlement investment sector.

Their partnership aims to redefine the life settlement bond market by launching a collaborative effort resulting in a tokenized fractional life settlement bond platform. This initiative seeks to enhance transparency and democratize access to an investment avenue traditionally dominated by large institutional investors.

Life settlements involve selling a life insurance policy to a specialized buyer for a lump sum payment, providing immediate cash to the seller while the buyer assumes future premium payments and receives the death benefit upon the insured's passing.

Together, the two companies will establish VERAT, a platform equally owned by both, poised to revolutionize the life settlement industry. VERAT aims to cater to banks, insurance companies, investment fund managers, and individual investors seeking opportunities in life settlement bonds. Leveraging Core blockchain technology, it will tokenize life settlement bonds, making them more accessible and tradeable. The platform will offer advanced analytics for real-time asset valuations, enabling informed investment decisions.

VERAT will provide a transparent and compliant platform, incorporating features such as digital identity verification (CorePass) and regulatory technology (Core RegTech) to ensure adherence to rules and regulations. CorePass will streamline KYC and AML compliance, while the Ping Exchange will facilitate efficient trading of tokenized bonds. Additionally, Core Digital Asset Management & Digital Attribute Platforms will enhance asset tracking and analytics.

According to a statement shared with CryptoSlate, the VERAT platform aims to democratize access to life settlement bond investments through tokenization, reducing investment thresholds and allowing smaller-scale investors to participate. This shift is expected to increase market liquidity and promote a more inclusive investment landscape.

The VERAT initiative presents numerous advantages for the life settlement industry, including lowered investment barriers, enhanced liquidity through tokenization, real-time valuations for informed decision-making, and streamlined compliance procedures. As ARAX and LCC continue to develop the platform, they aim to disrupt the life settlement investment landscape by establishing a transparent, accessible, and efficient financial ecosystem for investors of all sizes.