Incore, Inacta and Crypto Finance use Tezos blockchain 

Friday 10 September 2021 09:30 CET | News

Switzerland-based crypto provider Crypto Finance, Netherlands-based Supply Chain Portal cloud solution Incore and IT company Inacta have announced using the Tezos blockchain for tokenized financial products.

For the tokenization of assets, a new Tezos token standard has been developed, which is based on the FA2 standard from Tezos. The Incore Bank has also launched an institutional storage, staking- and trading services for Tez (XTZ), the native cryptocurrency of the Tezos blockchain.

The DAR-1 token standard developed by Inacta on the Tezos blockchain enables smart contracts which provide functions to support the financial markets, which range from money laundering regulations to asset management. Tezos was chosen as a blockchain as its on-chain governance enables upgrades without interrupting or splitting the network. 

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Keywords: partnership, blockchain, cryptocurrency, smart contracts
Categories: DeFi & Crypto & Web3
Countries: Switzerland
This article is part of category

DeFi & Crypto & Web3