Tokeny And Klaytn Foundation Unite For Real-World Asset Tokenization Adoption In Asia

Luc Falempin, CEO of Tokeny (Photo © Tokeny)

The Luxembourg-based leading tokenization platform has partnered with the Korean public blockchain company to catalyse the widespread adoption of Real-World Asset (RWA) tokenization.

The cornerstone of this partnership lies in the provision of a seamless infrastructure for companies to effortlessly issue, manage, and distribute tokenized RWAs via Klaytn’s robust network. As Tokeny’s tokenization platform adheres to the industry-standard ERC3643 for RWA tokenization it ensures the necessary compliance and interoperability.

“Drawing from our six-year track record in Europe, we are thrilled to collaborate with Klaytn, extending our expertise to Asia to simplify the capital market through tokenization. As digitization takes center stage in Asia, in line with the efficiency seen in other aspects of daily life, investors are demanding real-time and user-friendly financial services, “ says Luc Falempin.

Developed by leading Korean IT company Kakao, Klaytn has been accelerating blockchain mass adoption since 2019, generating more than 1 billion transactions from over 300 decentralized applications.

RWAs require issuers to establish investment vehicles, holding these assets. By issuing financial instruments such as shares or debts of the vehicles, issuers enable investors to participate in the RWA investment opportunities. Tokenized RWAs are the representation of these financial instruments on-chain. 

Having already tokenized more than $28 billion in assets. Tokeny’s platform will leverage the ERC3643 token standard to ensure that only qualified investors can engage in transactions involving tokenized RWAs. 

“It is the catalyst that propels us towards a token-centered economy, where compliance harmonizes with interoperability. As this standard sweeps the industry across the globe, we’re determined to extend its reach within our community, forging a new era for tokenization,” explains Sam Seo, Representative Director of Klaytn Foundation.

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