Jurassic Finance plans to tokenize Triceratops skull fossil on Solana

Jurassic Finance, a real-world asset tokenization project, plans to tokenize Deaton, a Triceratops skull fossil, on Solana, BeInCrypto reported. Deaton has about 60% to 65% of its bone mass preserved. Jurassic Finance plans to set up a special purpose vehicle for each fossil and issue Solana Program Library standard tokens to give investors the entity’s economic and legal rights. Authenticity verification, storage and insurance will be handled off-chain, while only ownership records will remain on-chain. Jurassic Finance has been raising 660,000 USDC since July to fund the Deaton purchase. Of that amount, 600,000 USDC is allocated to seller escrow and 60,000 USDC to the RAWR treasury, the project’s native token. The total supply of Deaton tokens will be one million, with investors holding 95% and the RAWR treasury 5%. According to CoinMarketCap, RAWR was trading at $0.06446, up 136.38% over the past 24 hours.