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A national cryptocurrency for the Marshall Islands is still being actively developed, despite previous disagreements among government officials on the subject, a blog post from the team behind the coin revealed Jan. 10.
In the recent post, the team behind the coin — dubbed Sovereign (SOV) — revealed that it had made “significant progress in finding partners, investors, and developers” to realize the project. As the post states, the team is aiming to launch SOV in 2019.
The team behind the state-backed crypto includes former Secretary General of the Bank for International Settlements, Dr. Peter Dittus, as the project’s Chief Economist.
The project also announced a new partnership with “smart banknotes” firm Tangem, a start-up operating from Switzerland and Singapore.