Tokenization enabler Tokeny says it has formed a partnership with ONYZE, a Spain-based Fintech that offers a white-label digital wallet that is regulated.
Founded in 2019, ONYZE provides enterprise-level infrastructure for trading digital assets such as crypto, tokenized assets, NFTs, and digital currencies. ONYZE claims to be the Spanish market leader in the banking sector, which is utilized by retail banks, digital banks, and securities firms.
The collaboration with Tokeny aims to assist the adoption of institutional tokenization via ONYZE by leveraging the Tokeny platform.
Luc Falempin, CEO and founder of Tokeny, said they are seeing a shift from in-house development to partnering with established platforms.
“Institutions want to reduce tech costs and focus on investor engagement and product innovation. Our collaboration with ONYZE facilitates the quick launch of tokenised products, with a fully interoperable solution for issuance, management, and compliance.”
ONYZE has been a pioneer in Spain, said Ángel Luis Quesada Nieto, CEO of ONYZE. They have created the first tokenized fund, the first hedge fund using DeFi, and collaborated with URSUS to emerge as the first regulated ERIR (Registro Especial de Innovación Regulatoria) – a new framework to enable Fintech development in Spain.
“The demand for institutional tokenization is growing rapidly in Spain and across Europe, but significant blockers remain. By teaming up with Tokeny, we combine our expertise to remove these obstacles, providing institutions with a seamless and secure onchain solution. Most importantly, our proven track record ensures we can guide our clients to success in this transformative space.”
Tokeny reports facilitating over $3 billion worth of on-chain transactions and operations since its launch.