Tokeny has come a long way since convincing their first client at a Miami nightclub and designing their product in a hotel room in Thailand at 2 am. Today, more than six years after its inception, the company has tokenized €28bn in assets and is partnering with institutions and sectors across continents, most recently in Asia.
In a recent interview, CEO Luc Falempin sheds light on Tokeny‘s role in advancing the adoption of digital securities, its commitment to security, regulatory compliance, and the future of tokenization. “We can provide the tools for anyone with assets to tokenize,” said Falempin.
The world’s leading tokenization platform has more than 100 partners today and has incorporated several solutions including the T-Rex Platform, White-Label Marketplace, DINO Distribution Network, OnCHAINID, and more.
“Our ecosystem is what we call the DINO, it is something we are developing step by step, and it is something to look out for in our future, the future is bright for tokenization,” said CEO Falempin.
A key aspect of tokenization is its potential to enhance liquidity and enable fractional ownership of assets. By providing digital solutions for fractionalization, Tokeny simplifies the management of complex financial instruments, unlocking new opportunities for investors and asset owners alike.
Tokeny serves as a technology enabler for individuals and organisations to tokenize assets efficiently. The company’s multi-chain approach allows users to deploy smart contracts and manage tokens on various blockchain networks, offering flexibility and scalability.
“You can basically choose which blockchain to deploy your assets on. By using Tokeny, you can migrate to another blockchain without losing your position.”
Luc Falempin, CEO of Tokeny
Protecting investor assets
“We make operations easy for users, if you lose your tokens, on the software side, an operator will not need to go into the blockchain for complex recovery, everything can be done through our no-code platform,” said Falempin.
Tokeny’s platform allows for the seamless migration of assets between different blockchains, ensuring continuity and mitigating potential risks. Additionally, the utilisation of audited smart contract protocols and robust control functions ensures the protection of investors’ assets and adherence to regulatory standards.
“Smart contracts need to be secure, that’s why we don’t reinvent the wheel for every token, we use the ERC 3643 token protocol,” said Falempin.
Through Tokeny, only agents authorised by issuers, who are admins, can manage the assets. Users who haven’t been authorised, are unable to do so.
“By utilizing permissioned tokens, assets can only be transferred between qualified investors, ensuring zero risk of hacking or loss of assets,” argued Luc Falempin, CEO of Tokeny.
It is important to distinguish between crypto and security tokens. By adhering to securities laws and leveraging blockchain technology for transparent record-keeping, Tokeny enables its users to tokenize assets while ensuring regulatory compliance. “Crypto and security tokens are separate, security tokens are security assets, so securities laws are applied according to each jurisdiction,” explains Falempin.
The future is a token
Tokeny’s strategic partnerships, exemplified by collaborations with organisations like Apex, underscore its commitment to expanding the adoption of tokenization globally. By integrating Tokeny’s platform, Apex Group gains access to advanced solutions for digitising assets, facilitating efficient and compliant issuance, management, and transfer of digital securities. Future collaborations with Apex will soon be announced.
Furthermore, Tokeny’s collaboration with Terazo, a prominent Indian fintech firm, and Klaytn, a public blockchain from South Korea used in gaming, highlights the importance of collaboration between industry leaders to drive innovation and propel the adoption of digital assets in emerging markets all over the world.
“The next step is to build on the ecosystem of applications, giving more utility to tokens, but what is really cool is when you start giving much more utility to your investors to leverage the digital asset of their securities.”
Luc Falempin, CEO of Tokeny
