IOTA Partners with Tokeny to Enhance Enterprise-Level Tokenization

IOTA
has
announced
a
strategic
partnership
with
Tokeny,
aiming
to
integrate
Tokeny’s
enterprise-level
tokenization
technology
into
the
IOTA
EVM
(Ethereum
Virtual
Machine).
This
collaboration
is
set
to
enhance
on-chain
compliance
and
control
over
token
transactions,
ensuring
that
only
qualified
investors
can
participate,
according
to
the

IOTA
Foundation
Blog.

Unlocking
Enterprise-Level
Tokenization
on
IOTA
EVM

For
companies
exploring
decentralized
finance
(DeFi),
adherence
to
legal
requirements
like
anti-money
laundering
and
securities
regulations
is
crucial.
This
compliance
protects
investors,
ensures
transparency
and
fairness,
maintains
market
integrity,
and
builds
trust,
which
is
vital
for
the
sustainability
of
financial
markets.
Additionally,
it
allows
companies
to
access
critical
financial
services,
maintain
their
reputation,
and
expand
globally.

The
integration
of
IOTA
EVM
with
Tokeny’s
technology
aims
to
bolster
enterprise
tokenization
and
secure
digital
asset
management
within
IOTA’s
ecosystem.
Tokeny,
a
leader
in
white-label
tokenization
platforms,
will
enhance
how
enterprises
leverage
IOTA
EVM
by
integrating
its
cutting-edge
compliance
technology
for
enterprise-level
tokenization.

Integration
at
a
Glance:
Tokeny
Meets
IOTA
EVM

IOTA
EVM
is
designed
to
be
a
high-velocity,
plug-and-play
environment
that
supports
the
seamless
deployment
and
management
of
smart
contracts
within
the
IOTA
network.
This
environment
leverages
the
core
strengths
of
IOTA,
making
it
an
ideal
platform
for
enterprises
looking
to
innovate
with
tokenization
solutions.

Tokeny
brings
its
compliance
infrastructure
for
digital
assets
to
IOTA
EVM.
It
uses
the
ERC-3643
open-source
suite
of
smart
contracts
to
facilitate
the
issuance,
management,
and
transfer
of
permissioned
tokens,
integrating
automated
on-chain
compliance
checks
to
ensure
that
transactions
are
restricted
to
verified
investors.
This
feature
is
critical
for
maintaining
stringent
compliance
and
allowing
issuers
to
retain
control
over
their
tokens,
including
capabilities
to
freeze
or
recover
them
if
necessary.

Leadership
Insights

Luc
Falempin,
CEO
of
Tokeny,
remarked
on
the
integration,
stating,
“This
partnership
aligns
with
our
vision
of
enabling
institutions
to
leverage
desired
network
benefits.
IOTA’s
unique
Layer
1
protocol
architecture
enables
scalability
and
fee-less
transactions.
Our
role
is
to
facilitate
rapid
tokenization
to
accelerate
adoption
and
meet
evolving
market
demands.”

Dominik
Schiener,
Co-Founder
of
IOTA,
also
expressed
his
enthusiasm
about
this
integration:
“We
are
thrilled
about
Tokeny’s
integration
as
it
perfectly
aligns
with
our
mission
to
democratize
access
to
tokenized
RWA
and
financial
instruments
in
our
ecosystem.
Tokeny
stands
out
as
the
most
advanced
institutional-grade
tokenization
platform
supporting
market
standard
ERC-3643,
poised
to
accelerate
institutional
tokenization
on
IOTA
EVM.”

What
This
Means
for
Enterprises

Enterprises
or
developers
looking
to
tokenize
assets
securely
on
IOTA
EVM
can
now
conduct
large
transactions
with
the
assurance
of
automatic
compliance
checks,
thanks
to
Tokeny.
This
ensures
interactions
only
with
qualified
investors
and
provides
complete
control
over
digital
assets.

This
integration
not
only
opens
up
new
possibilities
for
efficiently
managing
and
transferring
digital
securities
but
also
ensures
that
these
processes
meet
stringent
compliance
standards.
Whether
the
goal
is
to
issue,
transfer,
or
manage
digital
assets,
the
enhanced
IOTA
EVM,
bolstered
by
Tokeny’s
technology,
offers
a
robust
foundation
for
enterprise
projects.

Image
source:
Shutterstock