Blockchain
IOTA Partners with Tokeny to Enhance Enterprise-Level Tokenization
IOTA has announced a strategic partnership with Tokeny to integrate Tokeny’s enterprise-level tokenization technology into the IOTA Ethereum Virtual Machine (EVM). This collaboration aims to improve on-chain compliance and control over token transactions, ensuring that only qualified investors can participate, according to the IOTA Foundation Blog.
Enhancing Enterprise-Level Tokenization on IOTA EVM
For companies venturing into decentralized finance (DeFi), adhering to legal requirements such as anti-money laundering (AML) and securities regulations is crucial. Compliance protects investors, ensures transparency and fairness, maintains market integrity, and builds trust—essential elements for the sustainability of financial markets. Additionally, compliance allows companies to access critical financial services, maintain their reputation, and expand globally.
Key Integration Details: Tokeny Meets IOTA EVM
The integration of IOTA EVM with Tokeny’s technology aims to bolster enterprise tokenization and secure digital asset management within IOTA’s ecosystem. Tokeny, a leader in white-label tokenization platforms, will enhance how enterprises leverage IOTA EVM by integrating its cutting-edge compliance technology for enterprise-level tokenization.
IOTA EVM:
- Designed to be a high-velocity, plug-and-play environment.
- Supports the seamless deployment and management of smart contracts within the IOTA network.
- Leverages IOTA’s core strengths, making it an ideal platform for enterprises looking to innovate with tokenization solutions.
Tokeny’s Compliance Infrastructure:
- Uses the ERC-3643 open-source suite of smart contracts to facilitate the issuance, management, and transfer of permissioned tokens.
- Integrates automated on-chain compliance checks to ensure transactions are restricted to verified investors.
- Provides issuers with control over their tokens, including capabilities to freeze or recover them if necessary.
Leadership Insights
Luc Falempin, CEO of Tokeny: “This partnership aligns with our vision of enabling institutions to leverage desired network benefits. IOTA’s unique Layer 1 protocol architecture enables scalability and fee-less transactions. Our role is to facilitate rapid tokenization to accelerate adoption and meet evolving market demands.”
Dominik Schiener, Co-Founder of IOTA: “We are thrilled about Tokeny’s integration as it perfectly aligns with our mission to democratize access to tokenized real-world assets (RWA) and financial instruments in our ecosystem. Tokeny stands out as the most advanced institutional-grade tokenization platform supporting market standard ERC-3643, poised to accelerate institutional tokenization on IOTA EVM.”
Impact on Enterprises
Enterprises and developers looking to tokenize assets securely on IOTA EVM can now conduct large transactions with the assurance of automatic compliance checks, thanks to Tokeny. This ensures interactions only with qualified investors and provides complete control over digital assets.
This integration not only opens up new possibilities for efficiently managing and transferring digital securities but also ensures that these processes meet stringent compliance standards. Whether the goal is to issue, transfer, or manage digital assets, the enhanced IOTA EVM, bolstered by Tokeny’s technology, offers a robust foundation for enterprise projects.
Source: blockchain.news
The post IOTA Partners with Tokeny to Enhance Enterprise-Level Tokenization appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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