1. BITBILIHome
  2. Article

Klaytn onboards new partners to bring real-world assets on-chain

• 184 views

TL;DR Breakdown

  • Klaytn Foundation has stepped up its efforts to promote financial accessibility through real-world asset tokenization.
  • The Foundation has onboarded two new partners to kickstart its tokenization initiative.
  • The Foundation intends to develop compliant solutions for creating, issuing and trading RWAs.

Description

Klaytn Foundation, the organisation behind Klaytn blockchain developments, has stepped up its efforts to drive financial accessibility across Asia and beyond.  Klaytn onboards new partners for its RWA tokenization program In a recent announcement, the Foundation revealed it has onboarded two companies – CREDER and Tokeny Solutions – to kickstart its real-world asset tokenisation program. … Read more

Klaytn Foundation, the organisation behind Klaytn blockchain developments, has stepped up its efforts to drive financial accessibility across Asia and beyond. 

Klaytn onboards new partners for its RWA tokenization program

In a recent announcement, the Foundation revealed it has onboarded two companies – CREDER and Tokeny Solutions – to kickstart its real-world asset tokenisation program. The initiative is part of the Foundation’s broader plans to enable a public foundational layer of tomorrow’s on-chain world through the Klaytn blockchain. 

“The ability to automate ownership management, fractionalize high-value assets, and record transaction history on chain has the potential to significantly improve transparency, accessibility, and security,” according to the announcement. 

CREDER specialises in digital assets backed by physical gold, while Tokeny Solutions helps businesses issue compliant real-world assets. The two companies now join Elysia, a company that facilitates the trading of residential and commercial real estate, which has been a part of the program.

Starting with Asia, the Foundation believes that real-world asset tokenisation will bring positive social change around the world while pioneering new use cases for blockchain.

Klaytn Foundation to develop compliant solutions for RWA 

In addition to the partnerships, the Klaytn Foundation intends to develop compliant solutions for token issuance, asset storage, trading and infrastructure to support a broader range of real-world assets through the Klaytn blockchain.

The Foundation said the Klaytn blockchain is best suited for hosting tokenized assets from real estate to precious metals and artwork because of its low transaction latency and network fees, 2,500x lower than that of Ethereum. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Klaytn onboards new partners to bring real-world assets on-chain

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月13日 22:10
Next 2023年9月13日 23:31

Related articles

  • Venezuela’s President seeks entry into the BRICS bloc with China’s support

    TL;DR Breakdown Venezuela’s President Nicolas Maduro is actively seeking China’s support to join BRICS. Venezuela and China have signed a Memorandum of Understanding to cooperate on developing and modernizing special economic zones. The BRICS bloc has admitted six new members, expanding its influence and commitment to reshaping the global order. Description Venezuela’s President Nicolas Maduro is actively seeking China’s support in joining the recently expanded BRICS group, a bloc of Brazil, Russia, India, China, and South Africa. This move comes as the BRICS members recently agreed to admit six new full members. Venezuela seeks entry into BRICS In an interview with the Chinese state news agency … Read more Venezuela’s President Nicolas Maduro is actively seeking China’s support in joining the recently expanded BRICS group, a bloc of Brazil, Russia, India, China, and South Africa. This move comes as the BRICS members recently agreed to admit six new full members. Venezuela seeks entry into BRICS In an interview with the Chinese state news agency Xinhua, Maduro expressed his aim to secure Venezuela’s entry into BRICS, emphasizing the importance of China’s…

    Article 2023年9月10日

  • President Putin advocates for a decentralized financial world order

    TL;DR Breakdown Russian President Vladimir Putin advocates for a transition to a decentralized international financial system, asserting it would bolster global economic resilience and stability. The proposed system would make the global economy less dependent on crisis phenomena in countries with global reserve currencies, thereby enhancing the security of international payments. Putin’s emphasis on using national currencies corresponds to Russia’s economic strategy to reduce reliance on the currencies of unfriendly nations, a trend seen in several rapidly advancing economies like China, India, and Latin American countries. Russian President Vladimir Putin has called for a transition to a decentralized international financial system, asserting that such a transformation would bolster global economic resilience. This revolutionary viewpoint was expressed at the second Eurasian Economic Forum and has triggered a renewed debate on the future of global financial frameworks. Rethinking financial systems for stability President Putin proposed that a decentralized financial system could better serve the global economy and improve stability. He suggested that the economy would become “less dependent on crisis phenomena” in countries that hold global reserve currencies, making payments more secure….

    Article 2023年5月28日

  • New Zealand urges caution on swift crypto regulation

    TL;DR Breakdown New Zealand advocates a cautious approach to cryptocurrency regulation. Instead of rushing, the country emphasizes adaptability and consistent guidance under existing laws. Description As the thundering waves of cryptocurrency fervor sweep across the globe, nations grapple to catch up, drafting regulations and implementing controls to harness this digital tide. New Zealand, however, charts a different course, urging global peers to proceed with caution rather than diving headfirst into the turbulent crypto waters. Walking the Tightrope: Balancing Innovation and … Read more As the thundering waves of cryptocurrency fervor sweep across the globe, nations grapple to catch up, drafting regulations and implementing controls to harness this digital tide. New Zealand, however, charts a different course, urging global peers to proceed with caution rather than diving headfirst into the turbulent crypto waters. Walking the Tightrope: Balancing Innovation and Control The Finance and Expenditure Committee of New Zealand’s House of Representatives commissioned a meticulous report last year that dissected the intricate world of cryptocurrencies. Penned with precision by a legal expert from MinterEllisonRuddWatts and an academic ace from the University of…

    Article 2023年8月20日

  • Coinbase consumer transactions slide amid regulatory scrutiny

    TL;DR Breakdown Coinbase has recorded a slide in consumer transactions signaling challenges for the exchange. Regulatory scrutiny and adaptation of the exchange. Description In recent years, the cryptocurrency market has experienced both surges and setbacks, with Coinbase, the world’s second-largest cryptocurrency exchange by volume, finding itself at the center of these developments. The second quarter earnings report released by Coinbase has unveiled less-than-favorable results, signaling challenges for crypto enthusiasts and industry players alike. Transaction volumes for both consumers … Read more In recent years, the cryptocurrency market has experienced both surges and setbacks, with Coinbase, the world’s second-largest cryptocurrency exchange by volume, finding itself at the center of these developments. The second quarter earnings report released by Coinbase has unveiled less-than-favorable results, signaling challenges for crypto enthusiasts and industry players alike. Transaction volumes for both consumers and institutions have witnessed significant declines of 70% and 54%, respectively when compared to the same period in the previous year. Analysts attribute the performance to market factors This downward trend has been attributed to several factors, including the decrease in the overall market…

    Article 2023年8月6日

  • Senator slams crypto for putting Americans at risk

    TL;DR Breakdown Senator Sherrod Brown raises concerns over the lack of transparency in cryptocurrency disclosures. Brown reaches out to finance and trade leaders, including Treasury Secretary Janet Yellen and SEC Chair Gary Gensler, urging collaboration and strengthened oversight. The senator emphasizes the dangers of diluting America’s high investment standards and warns against minimal disclosure requirements for digital assets. Description While cryptocurrency continues its aggressive surge into mainstream finance, not everyone in the corridors of power is thrilled. Senator Sherrod Brown, representing Ohio, has sounded a clarion call on the clear pitfalls and risks it poses for the ordinary American. A Cry for Clarity in the Crypto Wild West The sweeping tidal wave of crypto … Read more While cryptocurrency continues its aggressive surge into mainstream finance, not everyone in the corridors of power is thrilled. Senator Sherrod Brown, representing Ohio, has sounded a clarion call on the clear pitfalls and risks it poses for the ordinary American. A Cry for Clarity in the Crypto Wild West The sweeping tidal wave of crypto has left regulatory bodies and government officials scrambling…

    Article 2023年9月15日
TOP