TL;DR
Hedera has launched the “Asset Tokenization Studio,” an open-source tool designed to optimize the issuance, management, and trading of tokenized bonds and equities.
The toolkit keeps all asset details securely on the blockchain, reducing risks compared to off-chain systems.
It includes features such as bond coupons, stock dividends, whitelisting, and support for regulatory frameworks, with integration for MetaMask and Hedera WalletConnect.
Hedera has introduced the “Asset Tokenization Studio,” an innovative open-source tool designed to enhance the issuance, management, and trading of tokenized bonds and equities on its network.
This new toolkit aims to transform how financial assets are managed. It will maintain all asset details securely and transparently on the blockchain, thus reducing risks associated with off-chain management systems common in previous standards like ERC-1400.
1/3 We’re excited to announce the #Hedera Asset #Tokenization Studio: the open-source, end-to-end toolkit for the configuration, issuance, and management of tokenized bonds and equities on the Hedera network.
Explore: https://t.co/gt9HkLWkAB pic.twitter.com/H8OqIhxemH
— Hedera (@hedera) September 17, 2024
The “Asset Tokenization Studio” provides a comprehensive solution with essential features such as bond coupons, stock dividends, whitelisting, and robust support for various regulatory frameworks. This suite of features is designed to offer issuers and tokenization platforms a complete tool for managing digital assets, ensuring that all relevant data is recorded and managed efficiently and securely on-chain.
Hedera Seeks to Attract Capital Markets to Blockchain
Developed in collaboration with entities like The HBAR Foundation, Hashgraph, RedSwan, and ioBuilders, the studio focuses on reducing technical barriers and facilitating the migration of capital markets to the blockchain. Dr. Sabrina Tachdjian, Head of Fintech and Payments at the HBAR Foundation, highlighted that this tool will help accelerate the growth of Hedera’s real-world asset ecosystem and encourage greater adoption of distributed ledger technology (DLT) with a strong focus on regulatory compliance.
The toolkit includes a web-based user interface for testing and a TypeScript SDK for solution deployment, both available under the Apache 2.0 license on GitHub. These components are designed to integrate with MetaMask and Hedera WalletConnect, facilitating transaction signing and ensuring broad compatibility with existing platforms.
The availability of the studio will accelerate DLT adoption, providing standardized tools for digital asset management. Additionally, the toolkit’s focus on compliance and reducing technical barriers will be crucial for the growth of tokenized securities.