A tokenization platform, when viewed as a tokenization service provider, refers to a comprehensive digital infrastructure or service that facilitates the conversion of physical assets into blockchain-based digital tokens. These platforms serve as the bridge between traditional asset markets and the world of digital assets, offering tools, technology, and services necessary for the tokenization process. Their primary role is to enable asset owners, investors, and issuers to leverage the benefits of blockchain technology for asset management, investment, and trading. They offer mechanisms to convert a wide range of assets (real estate, art, debt instruments, equities, intellectual property, etc.) into digital tokens that represent ownership or a claim on the underlying asset.
Below is a list of 5 such platforms that we believe are very interesting.
NYALA’s Tokenization Platform is the one-stop solution for tokenization that covers the entire lifecycle of digital assets. With NYALA’s end-to-end platform you can choose between different blockchain protocols to issue the tokens e.g. Stellar Network, Polygon Network and Algorand. Tokens are issued under the ERC3643 standard. NYALA has BaFin regulated Crypto Registrar License in its arsenal which gives NYALA an edge over other competitors. NYALA has issued more than € 20M+ worth of tokenized securities and has over €100M of digital assets on platform.
NYALA provides seamless Tokenization solutions for various industry sectors such as Banks, Real Estate, SME Crowdfunding, ESG’s and Fund Units. Furthermore, NYALA is currently developing a secondary market back-end engine that connects investment platforms to a trading ecosystem, unlocking trading opportunities with instant settlement on-chain.
Since December 2023, The Future of Financing (ZuFinG) Law came into force in Germany. Which now makes it possible to issue fully digital shares on the blockchain. NYALA has led the way in the tokenization of regulated securities and is the first company in Germany to issue tokenized shares to its esteemed shareholders. NYALA has also been honored with the ‘Most Exciting Company in Crypto Assets’ award at the INATBA (International Association for Trusted Blockchain Applications) ceremony in Brussels.
Bitbond is a software as a service provider for bank-grade tokenization and digital assets technology. After conducting Europe’s first security token offering that received approval by the German financial regulator BaFin in 2019, they started to provide their asset tokenization technology and expertise to banks, financial intermediaries, and large issuers. They are a capital markets-driven technology company from Berlin.
Bitbond specializes in bank-grade tokenization technology for regulated financial institutions and large issuers. Additionally, they support the implementation of digital asset custody and provide stable coin issuance technology for on-chain payments. Bitbond also introduced the (STO) Security Token Offering – Bitbond Token (BB1) issued on the Stellar blockchain.
Their Token Tool is a web application that focuses on tokenization use cases, where users can create and manage tokens, automate payments, and track token portfolio effortlessly. One can connect Token Took with various Web3 wallets. Token Tool is non-custodial – One owns the keys to the smart contracts that one deploys with Token Tool – Works out of the box with browser wallets, hardware wallets, and bank-grade key management solutions.
Bitbond has a joint offering with NYALA for issuers of crypto securities under the German Electronic Securities Act. Combining Bitbond’s bank-grade tokenization infrastructure with NYALA’s BaFin-regulated Crypto Securities Registry services.
Brickken was founded in 2020 and is based in Barcelona, Spain. Brickken’s Token Suit platform helps owners digitize and break an asset into tokens. Token Suit Platform is designed to simplify the creation, selling, and managing of digital assets, facilitating tokenization, and empowering entrepreneurs and investors alike. Brickken offers solutions to various use cases such as Real Estate, Franchise, Startups, Entertainment, Contract Tokenization.
Brickken claims +200 million $ of total tokenized value on their platform. They also have their own Brickken’s utility token “BKN” fuelling Brickken’s real-world asset (RWA) tokenization platform, issued under ERC20 standards and bridged onto Ethereum and Binance Smart Chain (BSC).
Founded in 2022 in Austin, Texas, United States. Spydra’s Token Engine platform enables customers to create both fungible and non-fungible tokens. Fungible tokens are a type of digital asset that can be exchanged on a one-to-one basis. Each token is identical and interchangeable with other tokens of the same type. Non-Fungible Tokens (NFTs) are a unique type of digital asset that represent ownership or proof of authenticity of a specific item or piece of content. Unlike fungible tokens, each NFT is distinct and cannot be exchanged on a one-to-one basis. Spydra follows ERC-1155 standards. Spydra provides tokenization solutions for a vast number of use-cases such as Financial Assets, Real Estate, ESG & Carbon Accounting, Pharma, Jewellery & Gemstones, Dairy, Insurance, Supply Chain Finance, Retail, CBDC – To modernize banking infrastructure. Spydra is also empowering business with Hyperledger Fabric Platform.
Hyperledger Fabric is an open-source enterprise-grade permissioned distributed ledger technology (DLT) platform, designed for use in enterprise contexts. Spydra leverages the capabilities of Hyperledger Fabric to revolutionize the tokenization process and unlock new possibilities for businesses. Its adaptable, plug-and-play architecture caters to diverse use cases, fostering the development of robust applications and industry-specific solutions.
Spydra also provides Oracle Feature. Smart contracts cannot inherently interact with data and systems that exist outside their native blockchain environment, or off-chain data. To securely interact with off-chain systems from a blockchain, an “oracle” is required.
Toko Network is an institutional-grade comprehensive asset tokenization platform designed to simplify the issuance and management of digital assets. The platform caters to businesses and individuals seeking to tokenize various assets including real estate, funds, art, intellectual property, debt, and project financing structuring multi-jurisdictional tokenization. They offer services in the USA, Europe, Asia, Middle East and North Africa and other regions.
DLA Piper is working with TOKO to solve the inefficiencies of today’s capital markets by leveraging distributed ledger technology. DLA Piper’s Blockchain and Digital Assets group offers strategic advice to address the needs of companies implementing blockchain technology solutions and creating and deploying digital assets. TOKO is a digital asset creation platform that couples the compliance and regulatory rigor of a global law firm with the innovative technology solutions of tomorrow. TOKO joined forces with Blockdaemon, GFT Technologies, Zeeve, and Red Date Technology, signing a milestone agreement to advance decentralized public IT systems. TOKO was among the first firms to be granted VARA’s (Virtual Asset Regulatory Authority) Operating License for Virtual Asset Broker-Dealer and Exchange Service provision in and from Dubai.
As the finance industry continues to evolve, Tokenization platforms play a crucial role in this transformation, providing the infrastructure and tools necessary to digitize real-world assets securely and efficiently. From facilitating the issuance of digital tokens to enabling seamless trading on secondary markets, these platforms offer a wide range of solutions tailored to various industries and use cases.
Each platform brings its unique strengths and capabilities, providing solutions to the diverse needs of businesses and individuals seeking to leverage blockchain technology for asset tokenization. Whether it’s providing end-to-end tokenization solutions, bank-grade technology for regulated financial institutions, or innovative approaches to creating and managing digital assets, these platforms are at the forefront of driving innovation in the finance industry.
In conclusion, the tokenization revolution is the new trend, and these platforms are leading the charge towards a more decentralized, efficient, and accessible financial ecosystem.
