Tokenization platform Tokeny says it has added IOTA EVM to its list of supported distributed ledger technologies.
The IOTA Foundation supports a blockchain that is “open, feeless, and scalable distributed ledger, designed to support frictionless data and value transfer.” The ecosystem aims to emerge the top DLT supporting the transition to Web3.
Tokeny states that IOTA integration will help achieve the tokenization of real world assets (RWA) – including regulated financial products.
Dominik Schiener, Chairman of the Board of Directors and co-founder of IOTA, said they are pleased with the integration with Tokeny, which supports their mission to “democratize access to tokenized RWA.”
“Tokeny stands out as the most advanced institutional-grade tokenization platform supporting market standard ERC-3643, poised to accelerate institutional tokenization on IOTA EVM.”
Tokeny CEO and founder Luc Falempin said the partnership aligns with their goal of supporting institutions interested in various DLT networks.
“IOTA’s feeless transaction model empowers cost-effective transfers and operations of tokenized securities, addressing specific institutional needs. Our role is to facilitate rapid tokenization to accelerate adoption and meet evolving market demands.”
Tokeny is a top digital security enabler in Europe, mostly working in private markets but also capable of supporting public offerings.
