iWave Advanced Research Group, Inc. (iWAR), a duly FAB Registered Enterprise pioneering in the blockchain and fintech industry, recently bagged the Tokenization Project of the Year award at the World Leading AI and Blockchain Conference (AIBC) World Summit held in Toronto, Canada on 07 June 2022.

This award was conferred to iWAR for its projects Oz Finance, a proprietary blockchain protocol under its Global Trade Exchange (GTX) platform, and TOTOZ, the world’s first residency-enabled token with real world utility.

In a statement, Authority of the Freeport Area of Bataan (AFAB) Chairman Pablo M. Gancayco commended iWAR for such feat and affirmed the Agency’s continuing commitment to position the FAB as a globally renowed offshore financial center integrating emerging fintech markets.

“This recognition clearly shows Oz as a financial instrument that can change the way global citizens, companies, and governments interact. Hence, we are fully committed to continue enabling the development of financial and digital asset exchange ecosystems intended to accelerate the migration of digital asset value therefore contributing to the development of FAB and its operators,” Chairman Gancayco said.

The AFAB first opened its doors for the registration of offshore fintech companies in 2019 and subsequently granted iWAR with an exclusive license to operate its Global Trade Exchange (GTX), a platform that enables the cross-border trade and exchange of digital assets between international investors, excluding Filipinos. The AFAB then commissioned the development and launch of Oz, effectively providing operators access to credit and capital to seed and upscale their business and operations.