PwC Luxembourg and Tokeny Solutions announce that they have joined forces to launch a Joint Business Relationship (JBR) bringing new and innovative services in the fields of capital markets and asset servicing.
Whatever the industry, sector and type of underlying assets (debt, equity, alternatives, etc) the collaboration between the two players will provide full support for the tokenisation of existing assets and/or new assets tokenisation.
A new and innovative way of tackling tokenisation
Through the combination of PwC Luxembourg’s market and business acumen, global reach and experience of large-scale transformation programmes, and Tokeny Solutions’ state-of-the-art platform, the collaboration offers a unique solution to tokenisation projects: from pre issuance of the token to the management of its entire life cycle.
All aspects of the transaction, such as accounting, legal, regulatory, tax, risk assurance, cybersecurity, custody etc, will be considered and managed.
The collaboration also intends to help market players bridge the gap between the traditional and the tokenised economy, leveraging both PwC Luxembourg’s and Tokeny Solutions’ considerable experience of traditional business, their understanding of the technology and an effective technological solution.
Tokenisation, a real hot topic
Tokenisation is the process of converting rights of an asset into tokens that can be subdivided, traded and stored on a blockchain system. Compliance is at the heart of the whole process and is guaranteed by the inherent design of the blockchain.
Recent market trends and developments have put tokenisation at the forefront of blockchain topics today, and for the years to come, given the benefits brought to trade processes, market efficiency and transparency, to name a few.