Tokeny Solutions and Polygon have partnered, allowing asset issuers to easily tokenize compliant securities in a cost-effective and scalable way. Tokeny Solutions provides technology for securities issuers to tokenize their assets and Polygon is a layer 2 protocol building and connecting Ethereum-compatible blockchain networks.
Ethereum’s smart contract deployment and transaction fees have always been difficult for financial institutions to comprehend. These fees have varied greatly over time, depending on the actions performed and the price of the cryptocurrency (ETH), an asset many institutions are unable to have on their balance sheet.
With the delay of Ethereum 2, the cost has got even higher, closing the door to many projects that wanted to target a large audience of investors, or those that foresaw many management transactions or transfers between token holders.
As a result of the partnership between Tokeny Solutions and Polygon, asset issuers can continue to rely on the security, resilience and ecosystem of Ethereum, whilst reducing gas prices by over 10000 times. Gas fees become so low that they no longer handicap the adoption of security tokens. Alongside this, transaction speeds dramatically improve to under three seconds, greatly facilitating token transfers between investors.
Tokeny Solutions has recently released the details of the first compliant liquidity solution for security tokens in Europe, T-REX Billboard, which enables investors to participate in an active secondary market for private securities. With this announcement with Polygon, investors can now transfer with one another at a significantly reduced cost, and further improve the liquidity of private market securities.
About Tokeny Solutions
Tokeny Solutions allows financial actors operating in private markets to compliantly issue, transfer and manage securities using distributed ledger technology, enabling them to improve asset liquidity.
Due to disconnected and siloed services that are currently used to enforce trust, private markets experience poor asset transferability with little to no liquidity. By applying trust, compliance and control on a hyper-efficient infrastructure, Tokeny Solutions enables market participants to unlock significant advancements in the transferability and liquidity of financial instruments.
Tokeny Solutions is the leader in its field and in 2020 were named one of the top 50 companies in the blockchain space by CB Insights. They are backed by Euronext.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Matic POS, designed for flexibility and independence. Polygon’s Layer 2 Chains have seen widespread adoption with 200+ Dapps, ~10M txns and ~230K unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
📰 INFO
https://tokeny.com/tokeny-solutions-and-polygon-enter-a-partnership-to-improve-accessibility-of-security-tokens/
