Enegra’s tokenized equity improves the liquidity of its $28Bn balance sheet via T-REX Platform

Introduction

Enegra was established in Malaysia in 2011, with a mission to enable mid-tier commodity miners in emerging markets to compete globally, Enegra achieves this through its world-class trading expertise, risk management, logistics, and governance – thereby delivering economic security among mid-tier mining communities whose lack of trading expertise often leaves them exploited on price.

Why Enegra tokenized its equity

Earlier 2019, Enegra’s management team explored asset tokenization, and team was fascinated by the concept and the advantages it brings to the company as an issuer, along the liquidity benefits to its investors. The following benefits meet exactly what Enegra sought to achieve for its new equity offering:

• Improved liquidity
• Automated compliance
• Real-time cap table
• Low administration and asset transfer costs
• Control securities
• Directly connect with investors

Compliantly tokenizing assets since 2019

Later in 2019, Enegra embarked on a search for a suitable tokenization platform to issue and manage its equity-backed security tokens on a public blockchain in a compliant manner, along with the necessary controls in place. Tokeny’s T-REX Platform caught Enegra’s attention for two main reasons:

• First: it leverages the public blockchain while bringing compliance and control. It achieves this through a unique onchain compliance approach by whitelisting of digital identity not the wallet for maximum security, e.g: when investors lose their wallets, issuers can recover the tokens for them.
• Second: it provides the most advanced platform (120+ functions) with the best user experience in the market.

In September 2019, Enegra issued its equity-backed EGX security tokens via Tokeny’s T-REX Platform on Ethereum. From then on, Enegra has been managing its security tokens and investors through the same platform.

Improving the UX further: say goodbye to gas fees

Earlier this year, Tokeny enhanced its blockchain layer to start supporting Polygon, a scalable layer 2 solution, to provide a faster, cheaper and compliant infrastructure for its customers. In addition, the Gas Tank solution was introduced to make the transaction fees free for platform users, eliminating infrastructure costs and troublesome processes.

To enhance the user experience of its security token holders, Enegra upgraded its services with Tokeny in November 2021:

• Migrated security tokens to Polygon 
• Implemented the Gas Tank solution

Enegra and its security token holders can now take advantage of fast, free and compliant transactions which ultimately improves liquidity and accessibility of the assets.