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InCore partners Crypto Finance to launch new tokenization tool

Monday 30 August 2021 11:14 CET | News

Digital asset firm Crypto Finance and Switzerland-based B2B transaction bank InCore have announced they are launching a new tokenization tool based on the Tezos blockchain.

InCore Bank announced a new collaboration with Crypto Finance and Swiss IT consulting firm Inacta to introduce new digital financial products based on Tezos, a decentralized, open-source, proof-of-stake blockchain network.

The involved companies have developed a new Tezos token standard for asset tokenization built on the Tezos FA2 standard, a multi-asset interface for Tezos allowing developers to invent token types like nonfungible tokens.

Using the Tezos FA2, Inacta has developed a new DAR-1 token standard, which aims to unlock new smart contracts-enabled functions to support financial markets, including Anti-Money Laundering regulations mechanisms as well as asset governance. 


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Keywords: banks, tokenization, transactions , cryptocurrency, blockchain
Categories: DeFi & Crypto & Web3
Companies:
Countries: Switzerland
This article is part of category

DeFi & Crypto & Web3






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