Introducing WalletConnect V2: Discover the New Upgrades

At Tokeny, we’re firm believers that accelerating mass adoption doesn’t mean drowning issuers and users in the complexities of blockchain. It’s about offering a user-friendly experience that mirrors the platforms and interfaces they already know.

With this in mind, we’ve integrated blockchain wallets in a way that’s transparent to the end user. Moreover, we’re thrilled to support connections to third-party protocols, like WalletConnect, opening doors to a broader spectrum of blockchain applications.

For those new to it, WalletConnect is a protocol enabling users to link their blockchain wallets to decentralized applications (DApps) via a straightforward QR code scan — all without exposing their private keys.

With protocols like WalletConnect, Tokeny’s platform readies and verifies the blockchain transaction, then forwards the prepped transaction to the selected wallet provider. This allows customers to review and authorize it.

Here’s a practical guide for clarity:

Background context: Investor 1 has invested in company X and stores their shares in a self-custody wallet on their computer. MetaMask is an example of a popular wallet.

Step 1: The investor holds their shares in their self-custody wallet that is connected to Tokeny’s platform

Step 2: The investor is seeking liquidity and sees that a certain decentralized exchange is an eligible platform to sell/swap their shares

Step 3: The investor goes to the decentralized exhange’s website, receives the QR code then scans the QR code directly from Tokeny which creates a secure ‘bridge’ between Tokeny and the decentralized exchange

Step 4: Once the secure connection is established, the investor is prompted to confirm the transaction details on their self-custody wallet, ensuring that the correct amount and share type are being transacted

Step 5: After verifying the transaction details, the investor confirms the sale or swap on their wallet

Step 6: The decentralized exchange processes the transaction, updating both the exchange’s ledger and Tokeny’s platform to reflect the new status of the investor’s shares

Here is a visual representation of what it could look like:

Excitingly, WalletConnect’s team has elevated the experience even further. They’ve recently launched V2, and we’re elated to declare our successful migration, making the new updates accessible for everyone.

Here’s a glimpse into V2’s enhanced offerings:

• Multi-Chain Support: Embracing all EVM-compatible blockchains and more
• Increased Session Duration Times: Enhance stability with prolonged session durations, minimizing disconnections
• Improved User Experience: While the interface’s visuals remain consistent, users will notice a swifter, more dependable, and streamlined experience

With these upgrades, our users and investors can seamlessly connect to a wide range of supported blockchain applications using WalletConnect, all directly from their self-custody wallet.

We continuously refine our tech stack and integrations to provide an unparalleled tokenization platform for the future of finance to ultimately benefit all of our users.

Thank you for staying updated with us. Looking forward to next month’s edition!