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Ultra is a Groundbreaking Exchange System for Digital Assets : Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin

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27th Apr 2018

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Ultra is the groundbreaking exchange system for digital assets, managed by Hub Culture. The first phase is now operational and includes an exchange mechanism trading Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin, with links to Ven and HubID.

Ultra offers realtime trading on an easy to use platform available to Hub Culture members via their HubID, and global cryptocurrency enthusiasts resident in qualified markets. Users can buy and sell cryptocurrencies, trade into Euros to hold on the exchange, and access Hub Culture Crypto Syndicates using Ven. In the future, users will be able to convert into Ultra Assets, including tokenized fiat currencies and other assets available through the Hub Culture ecosystem.

The concept for Ultra began at the Hub Culture Innovation Campus and Beach Club in Bermuda during the summer of 2017. In those conversations, the idea for a fully decentralized digital asset trading system that could trade Tokenized Asset Objects (TAOs) took shape. As Ven is asset backed, the ability to generate other types of asset backed tokens fit naturally with the culture, mission and operation of Hub Culture.

In the fall of 2017 a whitepaper was published, outlining the concepts behind Ultra and the ingredients available from the Hub Culture ecosystem needed to make it real: Ven, HubID, Agree, the Open Audit Initiative, and other technologies. Development work with crypto-exchange services (AlphaPoint, IdentityMind) and clearing regulatory hurdles (Bermuda Standard) allowed this first phase of Ultra Exchange to take shape, providing easy access to trading capabilities for qualified users in a safe, secure environment.

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Phase 2 for Ultra is now in development to bring tokenized assets to life. In partnership with Ven Authorities, organizations are empowered to create tokenized assets through an asset creation system available to partners. Institutional groups, including banks and money transmittors, other exchanges, and strategic partners are working as Authorities to extend tokenization to a wide range of assets.

Phase 3 is a custom blockchain system that decentralizes the tokenized assets and links Specks to the trading environment. Specks are bits of data widely generated by Zeke, Hub Culture's system intelligence.

Trading on Ultra is currently not available for US residents and residents of markets where trading of cryptocurrency assets are restricted. For detailed information on compliance, risk, terms of trade and more, visit Ultra.

Get access with your HubID, or register for a new account.