Asset tokenization
The asset tokenization platform offers an organization to tokenize an illiquid asset into a tradable digital token.
Traditional assets like art, private equity, real estate which are illiquid cannot be easily sold or transferred to a new owner. Asset tokenization platform would select such valuable illiquid assets, adhere to the legal and regulatory requirements, and transform the illiquid asset to digital tokens.
Each token would represent the ownership of the illiquid asset in digital form. Investors would be able to purchase these tokens through initial offerings or trade them on secondary markets, providing a quicker, easier, and real time investment opportunity available 24×7.
Solution: Persistent developed a Smart Contract based solution to issue Security and Utility tokens based on ERC standards. The illiquid asset was fractionalized to allow easy trades and ownership transfers while offering inter-operability, security and resiliency.
Smart Contracts formulated the projects and contract agreements while providing transparency, auditability, and reliance.
Along with that, a design framework was built to support browser-based wallet extensions as well as mobile wallets. A curated dashboard was created with a unified view of tokens and efficient query mechanisms for data on Blockchain.
Benefits List
- Enable the current illiquid asset systems to support utility and security tokens to allow investors to trade tokenized shares over a public/private blockchain platform.
- A unified interface for the investor to manage, transfer, and query token ownership.
- Bring into play the non-mobilized financing sources and unlock new sources. This financial structure would lower the carbon emissions and footprint, leading to a sustainable economic growth and modernization.
- Tokenization masks the sensitive data by offering compliance checks, whitelisting, etc. Additionally, an optional standalone service can be hosted for bidirectional data synchronization between the current and existing system.
- Use of Smart contracts to mitigate counter party risks and reduce frauds. The system helps to keep tokens under the same level of compliance as illiquid asset.
- An autonomous system would require less intermediaries’ dependence, resulting in lowering the administrative cost.
Client Success
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Why Persistent?
Proven Solutions
We have successfully empowered banks and financial institutions globally to build digital capabilities.
A Composable Digital Mosaic Approach
Our composable architecture approach allows you to select specific components and connect them to bring the power of leading technologies and platforms to your enterprise.
Robust Partner Ecosystem
We have partnered with the most trusted financial and banking platform providers to help you leverage cutting-edge technologies and launch financial products & services rapidly.
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