Backed Unveils New Institutional-Level Tokenization Services
Backed, a platform specializing in real-world asset tokenization, has announced the launch of a new suite of services aimed at institutional clients. The platform is designed to enable financial institutions to securely and efficiently issue tokenized assets. Compliance and trust are emphasized as crucial components alongside technological innovation in Backed’s tokenization solutions.
Addressing Compliance and Trust
Adam Levi, co-founder of Backed, highlights the significance of compliance and reliability in tokenization solutions. He notes that while many existing platforms focus on technology, Backed recognizes the importance of compliance and trust in this space. The company’s mission is to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi) by offering a flexible, efficient, and secure tokenization platform that unlocks the full potential of blockchain.
Backed’s Tokenization Services
- Tokenized Trackers: Backed facilitates the issuance of on-chain trackers for individual publicly traded securities or thematic baskets.
- Tokenized Actively Managed Certificates (AMCs): Backed simplifies settlement and ownership verification by representing investment strategies directly on the blockchain.
- Tokenization Platform: Backed provides funds and financial institutions with solutions for creating, managing, and distributing tokenized investment products.
The Potential of Tokenization in the Global Economy
The concept of tokenization has garnered attention due to its potential to transform the global economy. Larry Fink, CEO of BlackRock, predicts that the “next step going forward will be the tokenization of financial assets.” Tokenization offers various benefits such as increased transaction efficiency, transparency, and broader market access for diverse investors. A joint report by FinPlanet, Cashlink, and Porsche Consulting suggests that tokenization could reduce costs associated with traditional financial processes by up to 85%.
Hot Take: Backed’s Institutional-Level Tokenization Services
Backed’s new institutional-level tokenization services aim to revolutionize the financial industry by combining compliance, trust, and technology. By addressing the unique challenges faced by institutions entering the digital asset space, Backed provides a streamlined and secure platform for issuing tokenized assets. With its range of services, including Tokenized Trackers and Tokenized Actively Managed Certificates, Backed simplifies processes such as settlement and ownership verification. As the global economy continues to explore the potential of tokenization, Backed is positioned to lead the way in bridging the gap between traditional finance and decentralized finance.
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