DLT platform IOTA releases tokenization framework

Tokenized assets will now be available for anyone to create and use on IOTA's ecosystem...

DLT platform IOTA releases tokenization framework

IOTA, a distributed ledger technology platform designed to connect people and devices for sharing information and value, today made two major announcements.

  1. First, is the release of its framework for tokenizing assets on the Tangle, IOTA’s native protocol.
  2. Secondly, IOTA is also announcing a partnership with digital asset security firm Curv, which will vastly extend the usability of IOTA’s Digital Assets.

Bringing tokenization to the IOTA protocol means that the economic potential of tokenized assets will now be available for use with IOTA’s fee-less, lightweight, and highly scalable architecture. This opens up a myriad of possibilities within crypto communities, including, for example, cross-currency exchanges that are hosted on IOTA’s Tangle.

Use-Cases Include:

Curve

The partnership with Curv extends the functionality of IOTA’s Digital Assets even further by providing a trusted third party to secure tokenized assets at an industrial scale. This allows the IOTA protocol to be leveraged in any number of enterprise use-cases where regulatory demands, compliance, and other legal frameworks had previously been a hindrance. Additionally, Curv will provide the technical support needed for custody platforms in these cases.