1 March 2023, Luxembourg – Tokeny, the leading tokenization platform, has joined forces with Avalanche to bring institutions a seamless and secure solution for issuing, managing, and transferring tokenized securities on the Avalanche blockchain.
This integration allows for quick, compliant tokenization of any asset type and real-time asset management – improving efficiency, reducing costs, and meeting investors’ demands for digital and real-time experiences. With built-in compliance, tokenized assets can connect to global trading venues, increasing liquidity and revolutionizing the financial landscape.
Tokenization is the next generation of securities, as confirmed by BlackRock CEO Larry Fink. In light of this evolution, institutions have been exploring efficient and secure ways to join the movement.
However, developing a tokenization platform internally can be a time-consuming and resource-intensive process, drawing focus away from the key business challenges of adapting new operational models and developing new products in the evolving tokenized landscape.
This is where the partnership between Avalanche and Tokeny comes in, which provides a powerful and streamlined tokenization solution. Tokeny’s enterprise-grade, easy-to-use platform, integrated with Avalanche’s fast, cost-efficient, reliable, and eco-friendly blockchain, allows institutions to focus on their core business while leveraging the industry standard ERC3643 for ensuring compliance and control of tokenized assets.
Avalanche launched in September 2020, ushering in a new era for blockchains with near-instant transaction finality. Today, Avalanche supports 1000+ dApps and secures billions of dollars in value, all while having minimal climate impact.