Nouriel Roubini oversees the development of tokenized dollar replacement

Nouriel Roubini oversees the development of tokenized dollar replacement


Economist and cryptocurrency critic Nouriel Roubini is heading up the development of a tokenized asset to combat fears of rampant economic stagnation and inflation.

Roubini has long been a skeptic of the cryptocurrency space, which makes his own foray into the world of digitized financial instruments intriguing. In his role as co-founder and chief economist of Dubai-based investment firm Atlas Capital Team LP, Roubini is helping with the roll-out of a set of financial instruments to launch a security token that will act as a “more resilient dollar.”

As initially reported by Bloomberg, Atlas Capital CEO Reza Bundy and Roubini outlined initial plans for the firm’s new products, primarily driven by the current state of the global economy.

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The Dubai-based firm will work with Web3 developer Mysten Labs

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