Key Takeaways
- Hedera’s Asset Tokenization Studio keeps all asset management details on-chain, enhancing security.
- The studio includes features like bond coupons, stock dividends, whitelisting, and compliance with specific regulations.
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Hedera announced Monday it is launching its Asset Tokenization Studio, an open-source toolkit designed to streamline the issuance, management, and trading of tokenized bonds and equities on the Hedera network.
The toolkit will keep all asset details securely managed on-chain, reducing risks associated with off-chain management seen in the basic ERC-1400 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 solution for on-chain asset management.
“By lowering technical barriers to the tokenization of bonds and equities, along with the recording of their underlying data on ledger, the Asset Tokenization Studio will contribute to the growth of Hedera’s RWA ecosystem and facilitate the on-chain migration of capital markets with a 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, the Asset Tokenization Studio is aimed at financial institutions, enterprise issuers, and asset tokenization platforms looking for a user-friendly interface for testing and development of 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.
The toolkit’s focus on compliance and lowering technical barriers will contribute to the growth of tokenized securities, said Edward Nwokedi from RedSwan.
The toolkit offers a WebUI for testing and a TypeScript SDK for deployment, both open-source under an Apache 2.0 license, with the code available on GitHub. The SDK supports a full range of token operations and is compatible with MetaMask and Hedera WalletConnect for transaction signing.
“The goal of the Asset Tokenization Studio is to empower issuers and issuance platforms with an open-source, pre-audited toolkit, to accelerate their product development on Hedera. This initial release is a starting point as the Asset Tokenization Studio will grow to reflect the demand for additional features, asset classes, and jurisdictions,” Dr. Sabrina noted.
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