Tokeny Integrates Hedera to Scale Institutional Tokenization on the Network

HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Monday that Tokeny has integrated with Hedera to scale institutional asset tokenization on the network. Tokeny is the leading onchain operating system for compliant asset tokenization. 

Thanks to this integration, institutions can now bring assets onto Hedera in just a few weeks using Tokeny’s white-label tokenization platform, or seamlessly integrate onchain finance APIs into their existing systems without the need for costly and time-consuming development.

Tokeny is already collaborating through the non-profit ERC-3643 Association working group to drive progress in RWA tokenization. Tokeny provides proven solutions built around the ERC-3643 standard, offering financial institutions the ability to issue, manage, and distribute tokenized assets in a fully compliant and interoperable way.

Hedera Hashgraph is a distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.18778 at press time, down 2.6% over the last 24 hours.