Veröffentlicht von • DekaBank, a German generational bank, is planning to launch its blockchain-based tokenization platform in 2024.
• The platform will focus on tokenizing funds and stocks instead of cryptocurrencies such as Bitcoin.
• DekaBank is collaborating with Metaco, a digital asset management company, to launch the Harmonize platform which provides institutional digital assets.
DekaBank Launching Blockchain-Based Tokenization Platform
DekaBank, a German generational bank, revealed plans to release its blockchain-based tokenization platform in 2024. The focus of the platform won’t be on traditional crypto assets such as Bitcoin but on funds and stocks. To fulfill its goal, DekaBank has partnered with Metaco, a digital asset management company, to launch the Harmonize infrastructure that provides institutional digital assets.
Test Transaction In 2023
The two parties announced their partnership deal on January 31st 2023 and plan to spend this year preparing the infrastructure for the project. Andreas Sack, the digital asset custody executive at DekaBank stated they will conduct their first test transaction in 2023 once it’s fully ready next year. The new infrastructure is focusing on different areas including bonds and stocks tokenization which will open up a new token economy.
Existing Networks For Tokenization?
Sack also mentioned that several blockchains such as Ethereum and Polygon are already undertaking the industry’s tokenization process although there isn’t any assurance if these existing networks will emerge as the standard for DekaBank’s idea. Additionally he explained why DekaBank is not trading crypto assets in collaboration with Metaco; because they are only interested in regulated products under German Electronic Securities Act regulations.
Conclusion
DekaBank’s blockchain-based tokenization platform launching next year may be an important development for many investors looking into investing in regulated products from stocks or funds rather than cryptocurrencies like Bitcoin. The firm is taking its management solution to a different level by including tokenized assets on various blockchains thus opening up opportunities for people interested in participating in this new type of economy while being compliant with regulations set by authorities.
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