Hedera’s Asset Tokenization Studio optimizes security by maintaining all asset management information on-chain.
On Monday, Hedera disclosed the launch of its Asset Tokenization Studio, an open-source toolkit that is intended to simplify the issuance, administration, and trading of tokenized bonds and equities on the Hedera network.
Hedera clarified that the toolkit will ensure that all asset details are securely managed on-chain, thereby reducing the risks associated with off-chain management, as observed in the fundamental ERC-1400 standard.
The team further stated that it will include a comprehensive suite of features, such as stock dividends, whitelisting, bond coupons, and support for a variety of regulatory frameworks, to guarantee a comprehensive solution for on-chain asset management.
According to Dr. Sabrina Tachdjian, Head of Fintech and Payments at the HBAR Foundation, the Asset Tokenization Studio will facilitate the on-chain migration of capital markets with a focus on compliance while adding to the growth of Hedera’s RWA ecosystem by reducing technical barriers to the tokenization of bonds and equities, as well as the recording of their underlying data on ledger.
The Asset Tokenization Studio, which was created in partnership with The HBAR Foundation, Hashgraph, RedSwan, and ioBuilders, is designed for financial institutions, enterprise issuers, and asset tokenization platforms that require a user-friendly interface for the testing and development of on-chain asset tokenization.
When discussing the inauguration, Carlos Matilla, CEO of ioBuilders, stated that the studio will speed up the adoption of distributed ledger technology (DLT) by offering standardized tools for administering digital assets.
According to Edward Nwokedi of RedSwan, the toolkit’s emphasis on compliance and the reduction of technical obstacles will facilitate the expansion of tokenized securities.
The toolkit provides a TypeScript SDK for deployment and a WebUI for testing, both of which are open-source and licensed under an Apache 2.0 license. The code is available on GitHub. The SDK is suitable with MetaMask and Hedera WalletConnect for transaction signing and supports a comprehensive list of token operations.
“The Asset Tokenization Studio aims to provide issuers and issuance platforms with an open-source, pre-audited toolkit that will facilitate the development of their products on Hedera. This initial release is a starting point, and the Asset Tokenization Studio will expand to accommodate the demand for additional features, asset classifications, and jurisdictions,” Dr. Sabrina stated.
Also Read: Bhutan’s Bitcoin holdings surpass those of El Salvador
Wallets