Digital Assets: Anybody Can Use Tokenizer To Issue Asset-Backed Tokens
No coding knowledge required!
The much-awaited democratization of blockchain-based tokenization is here. Now anybody, even a computer noob, can choose to tokenize one or more of their real-world assets using the Tokenizer platform.
Look Ma, no coding
Now businesses and individuals can use the self-service Tokenizer platform to raise money by tokenizing the asset. These may even be people without a modicum of technical skills, The tokens then trade on the Tokenizer platform. (Coin Telegraph)
What can you tokenize? Virtually anything. From real estate, works of art, intellectual property, to luxury cars. Even financial assets such as stocks, bonds, and hedge funds.
A whole new world of potential investors
These assets tokenized on the blockchain could be lapped up by a pool of global investors. Further, the tokens would have liquidity via the integrated exchange.
“The Tokenizer self-service issuance platform ensures that anybody can create their own security token without mastering a smart contract language,” said CEO Manindra Majumdar to Coin Telegraph. “Instead of introducing cumbersome and complex multiple tools, we have kept the whole experience within our platform.”
Assets that are currently illiquid could become viable, income-earning assets if they appreciate in value after tokenization.
An interesting parallel – Japan’s abandoned ghost dwellings
Earlier this year, Securitize, a compliance platform for token issuers, tied-up with LIFULL, a Tokyo-based housing, and real estate information listing service. Together, the companies offer a crowdfunding platform that will issue digital securities in return for investments in Japanese real estate such as abandoned ghost dwellings.
In a test, the two companies proved that crowdfunded real estate funds could successfully run using digital securities and blockchain technology.
The test was successful on various parameters, including a verifiable reduction in operating costs, automatic distribution of security tokens, successful operation of smart contracts, and complete transparency in the flow of funds, smart contracts, and tokens.
Latest Alternative Investment News
Home management platform Thumbtack enables its millions of customers to find and hire small businesses and local professionals for virtually any home-related task. It announced Tuesday that, “on the heels…
FinTech: 10X, The Fintech Founded By Ex-Barclays Chief Antony Jenkins, Rakes In $187M To Scale Massively
Founded in 2016 by Antony Jenkins, former CEO of Barclays (LON: BARC), fintech 10X Future Technologies has raised $187 million from a clutch of bulge bracket investors. The firm’s oversubscribed…
Artificial Intelligence: LVMH Ties With Google Cloud For AI-Powered Experiences At Maisons Luxury Brands
LVMH (EPA: MC) announced today its tie-up with Google (NASDAQ: GOOGL) Cloud for the development of cloud-based AI solutions. LVMH and Google Cloud will work together and deploy the latter’s…
HSBC (NYSE: HSBC) has created HSBC Alternatives, an umbrella unit to house its disparate alternatives assets. It will be formed from multi-manager Hedge Fund and Private Market teams, as well…