๐Crypto giant IOTA has joined forces with Tokeny Solutions, a leading tokenization platform, to integrate enterprise-level tokenization and on-chain compliance into IOTA's Ethereum Virtual Machine (EVM). This collaboration aims to empower businesses to innovate securely and efficiently using blockchain technology.
๐ผTokeny offers solutions that allow financial entities to manage and distribute real-world assets and securities on blockchain platforms. Through this partnership, businesses looking to tokenize their funds on IOTA EVM will have the ability to execute transactions with automated compliance checks and full control over digital assets.
๐IOTA EVM enables the deployment and management of smart contracts on the IOTA network. Tokeny will integrate its compliance infrastructure for digital assets into the IOTA EVM, facilitating the issuance, management, and transfer of permissioned tokens.
๐IOTA's EVM network, launched last month, specializes in decentralized finance (DeFi) applications and the utilization of real-world assets. The network implements features such as smart contracts, cross-chain capabilities, parallel processing, and protection against Maximal Extractable Value (MEV) within the IOTA ecosystem.
Exciting times ahead for IOTA and Tokeny! What are your thoughts on this partnership? Share in the comments below! ๐๐