Hedera unveils a new toolkit for tokenizing on-chain assets

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Hedera announced on Monday that it is launching Asset Tokenization Studio, an open-source toolset designed to streamline the issuance, management and trading of tokenized bonds and shares on the Hedera network.

The toolkit will keep all details of securely managed assets on-chain, reducing the risks associated with off-chain management seen in the ERC-1400 core standard, Hedera explained.

The team added that it will come with a comprehensive suite of features, including bond coupons, stock dividends, whitelisting and support for various regulatory frameworks, ensuring a comprehensive on-chain asset management solution.

“By lowering the technical barriers to bond and equity tokenization, along with recording their underlying data in the ledger, Asset Tokenization Studio will help grow Hedera’s RWA ecosystem and facilitate the on-chain migration of capital markets with focus. on compliance,” said Dr. Sabrina Tachdjian, Head of Fintech and Payments at the HBAR Foundation.

Developed in collaboration with the HBAR Foundation, Hashgraph, RedSwan, and ioBuilders, Asset Tokenization Studio is intended for financial institutions, enterprise issuers, and asset tokenization platforms looking for an easy-to-use interface for testing and developing on-chain asset tokenization.

Discussing the launch, Carlos Matilla, CEO of ioBuilders, noted that the studio will accelerate the adoption of Distributed Ledger Technology (DLT) by providing standardized tools for managing digital assets.

Focusing the toolkit on compliance and lowering technical barriers will help tokenized securities grow, said RedSwan’s Edward Nwokedi.

The toolkit provides a WebUI for testing and a TypeScript SDK for deployment, both open-source under an Apache 2.0 license, with code available on GitHub. The SDK supports a full range of token operations and is compatible with MetaMask and Hedera WalletConnect for signing transactions.

“The goal of Asset Tokenization Studio is to empower issuers and issuing platforms with an open-source, pre-audited toolkit to accelerate their product development on Hedera. This initial release is a starting point as Asset Tokenization Studio will grow to reflect demand for additional features, asset classes and jurisdictions,” noted Dr. Sabrina.

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