#Tokenizing Commodity Assets, @tokenize_it
#Tokenizing
Commodity Assets, @tokenize_it
“…wrap
a gold bar into a tamper-proof case electronically tagged, and they can track
the gold bar from the mine to end point – with the use case being, if you know
it's a socially responsible mine, someone will be willing to pay a higher
spread on that gold versus if you don't know where it comes from.” These are words from Umar Faros, head of
blockchain initiative at JPMorgan’s New York at the last Sibos conference.
It
synthesizes how many up and coming businesses claim to develop, offer and
manage your investments. New, versatile companies such as Tokenize-IT are
trying to take the market, or as much as they can, by developing blockchain
platforms to tokenize commodity assets.
Located
in the country of Costa Rica, Tokenize IT is the first fully compliant platform
for creating, launching and investing in tokenized assets. A compliant security
token offering for verified accredited investors with both fiat and digital
currency contribution options.
Investors can use the platform to store their security token investments and manage their portfolio in a single dashboard with senior cybersecurity attention. Through bank-grade compliancy standards, they ensure full KYC/AML due diligence is completed before an investor participates in their platform and meets accredited investor status.
Investors can use the platform to store their security token investments and manage their portfolio in a single dashboard with senior cybersecurity attention. Through bank-grade compliancy standards, they ensure full KYC/AML due diligence is completed before an investor participates in their platform and meets accredited investor status.
Tokenize
IT develops its own platform in Etherium, this distributed ledger technology
(DLT) is being used increasingly to tokenize real-world assets such as company
shares, real estate, and commodities, including gold. The end result is the
production of security tokens, which ensure higher liquidity and enable
investors to trade the assets more conveniently and in a more secure
environment.
Read this in full
at https://www.investorideas.com/news/2019/cryptocurrency/02251TokenizeIt-CommodityAssets.asp
Use
cases such as the tokenization of property assets or art state that theses can
now be separated into fractions, making it easier for investors and enthusiasts
to own a piece of an expensive asset such as a $50 million dollar building for
example, or if that were the extreme case, paintings such as The Mona Lisa by
Leonardo Da Vinci. Of course, under a smaller perspective, markets could
explode in a positive tokenization outburst since assets as “simple” as a car
can now be split into fractions and owned by different people at the same time.
Another
of the main aspects that differentiates Tokenize IT is their location, during
the last two decades, the country of Costa Rica has become a haven for
investors, from entrepreneurs to big global businesses such as IBM or Amazon,
the government constantly widens boundaries for offshore and onshore initiatives.
Here, Tokenize IT owns the majority position of the commodities in the country with the support of the Costa Rican government, which sees cryptocurrency as a commodity not as a security.
Here, Tokenize IT owns the majority position of the commodities in the country with the support of the Costa Rican government, which sees cryptocurrency as a commodity not as a security.
It
is still a small company that develops proprietary blockchain based software
offering it to third parties seeking to hold underlying assets that may produce
income or capital gains n represented by tokens based on different blockchain
protocols, yet the potential is undeniable.
The
steps for an investor to be a part of the Tokenize IT family can be read here:
https://www.tokenizeit.cr
https://www.tokenizeit.cr
Genesis Exchange and Wallet
App by Genesis Blockchain
Technologies ( GBT)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized
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