WeOwn has announced new cross-chain asset interoperability.
WeOwn is a blockchain technology provider that targets the lending and equity capital space. Among other services, it aims to allow firms to raise capital via a digital securities or securities token offering. WeOwn is based in Munich, Germany but reports a presence in Lichtenstein and the UK.
According to an email, WeOwn blockchain has significantly expanded its bridging ability and it is now possible to transfer any digital asset created on the WeOwn blockchain to the Ethereum blockchain and the Binance Smart Chain.
WeOwn states that it offers an ecosystem for the management and administration of debt and equity instruments with an institutional focus.
According to a blog post, WeOwn explains the upgrade:
“With the latest release, we have significantly expanded the concept of WeOwn blockchain bridges. Starting from now, it is possible to transfer any digital asset created on the WeOwn blockchain to the Ethereum blockchain and to Binance Smart Chain. Of course, this process also works in the opposite direction. Tailored smart contracts carefully control and ensure, that the digital assets, CHX coins, are only available on one blockchain at a time. The cross-chain asset bridge is seamlessly integrated into the WeOwn ecosystem. Companies, aiming to operate in the digital asset field, can create their own digital asset on the WeOwn marketplace in just a few clicks. Technology enables create not only utility tokens but equity or debt instruments too. Newly created assets can then be offered to interested investors on the same marketplace as well as are available for secondary trading if desired. “
In the future, WeOwn says they will also provide bridges for Stellar and Cardano.