Tokeny Adds Avalanche Functionality to Digital Security Ecosystem

Digital securities enabler Tokeny has added the Avalanche blockchain to its platform in a move designed to “bring institutions a seamless and secure solution for issuing, managing, and transferring tokenized securities on the Avalanche blockchain.”

Avalanche claims to be the fastest, most reliable smart contracts platform in the world. Tokeny provides baked-in compliance that can also connect with global trading platforms. Tokeny aims to power the emerging digital securities ecosystem by providing a simple, fast method for issuing and managing tokenized assets.

Luc Falempin, CEO of Tokeny, said they were pleased to offer fast, scalable and secure tokenization solutions on the Avalanche blockchain:

“In addition, our solutions provide financial institutions with multi-chain capabilities. They can easily move tokenized assets from less efficient blockchains, such as Ethereum, to a cost-efficient network, like Avalanche, while maintaining full ownership transaction records on our platform and ensuring future-proof solutions.”

Morgan Krupetsky, Director of Business Development for Institutions and Capital Markets at Ava Labs, described the announcement as a key advancement for their mission to tokenized the world’s assets.

“The Tokeny integration with Avalanche will provide another avenue for institutions to pursue their asset tokenization strategies while providing a faster, more efficient, and controlled environment for issuers and investors.”

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