Luxembourg-based Tokeny is expanding into Australia through a partnership with the SILC Group to tokenize real-world assets (RWA).
The SLC Group is an alternative asset solutions provider that reports over $2 billion in assets under supervision.
Tokeny will provide the tech stack to “upgrade alternative assets onto blockchain” for better management.
The first project is to tokenize a Fund using the ERC-3643 permissioned token standard. The test fund will be issued, managed, and distributed on-chain.
This pilot is expected to assess blockchain’s potential and perhaps replace the legacy centralized systems used to administer SILC’s funds.
Luc Falempin, CEO of Tokeny, says alternative assets are among the most suitable assets to tokenize.
“Our collaboration with The SILC Group underscores the growing recognition among regulated institutions of tokenization’s tremendous potential. It’s no longer a question of if tokenization will occur, but rather, when it will fundamentally transform the financial landscape.”
Tokeny aims to reduce or eliminate friction in the established RWA sector by leveraging its digital asset tech stack to improve compliance and performance while enhancing automated services.
