Tokenized Digital Asset Platform
Winner of the 2018 CoinGeek ‘Best Tokenization Solution’, Tokenized Group, has just announced the launch of their platform. This solution has been tailor built to provide clients with the ability to tokenize real-world assets.
The platform checks all of the right boxes, while ensuring regulatory compliance in any jurisdiction. Through the use of smart contracts, and the ability to complete atomic swaps, the Tokenized platform stands to be a flexible solution that will appeal to many. For full details on the features of this platform, and how it varies from its alpha variant, check out the announcement HERE.
What makes this announcement of note, is the choice to build this platform on the BSV protocol. This decision represents a departure from the norm, as most companies have opted for some form of Ethereum based solution to date. Time will tell if BSV is the most appropriate protocol to host such an endeavour.
In their announcement, Tokenized CEO, James Belding, commented on digital securities and their usage of Bitcoin SV. The following is what he had to say on the matter:
“We look forward to helping everyone in the ecosystem add support for the open-source Tokenized Protocol in their own projects. We also welcome all users, organizations, developers, governments, and investors to reach out and find out how the Tokenized Protocol can benefit them…We believe our solution is the best token and smart contract system on the market, by far, and combined with the unrivalled scaling capabilities of the Bitcoin SV (BSV) network, we believe we can systemically improve the way our world engages in voluntary exchange.”
“There is still a lot of work to be done in educating regulators, however, we are confident that all of the pieces are now in place to allow the protocol to be adopted globally as a replacement for all of the current financial messaging protocols.”
Tokenized Group is an Australian company, which was founded by a trio of experienced professionals.
James Belding – Founder and CEO
Sam Georges – Cofounder and CTO
Scott Barr – Cofounder and Head of Engineering
This trio has set out to create a platform for the tokenization of real world assets, built on top of the BSV protocol.
Bitcoin SV, or Bitcoin ‘Satoshi’s Vision’, is a variant of the Bitcoin protocol that stays truest to the original Bitcoin whitepaper. Since its inception, Bitcoin has undergone various makeovers, resulting is hardforks and protocol variants such as Bitcoin SV, Bitcoin Cash, Bitcoin Dark, etc.
While Bitcoin (BTC) is the original coin, many feel that ‘upgrades’ to the protocol over the years have resulted in it resembling an entirely different protocol than initially intended by Satoshi. In an attempt to recapture the original vision of the Bitcoin whitepaper, Bitcoin SV was created through a hard fork of Bitcoin Cash in late 2018.
While the news discussed here today is a definite positive development for Bitcoin SV, the protocol has been a point of contention in the eyes of many lately. This is due to claims being made by Craig Wright. These claims are that he is Satoshi Nakamoto, and that he developed the original Bitcoin protocol.
While this claim may eventually be proven true, much of the blockchain industry remains skeptical.
In Other News
While Ethereum has gotten the lion’s share of attention thus far, with regards to digital securities, it is not the only protocol to be used. As demonstrated here today, Bitcoin SV represents one of various networks that companies has chosen in recent months to develop their tokenization services on. Below are a few articles detailing events on various protocols.
TokenizeEU chooses Ravencoin for Security Tokens
Stellar Chosen by Wevest for Security Token Offering Platform
Stratis Roadmap Indicates Support for Security Token Offerings
Security Token Standards – Factom Asset Token (FAT)
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