Thread by @0xPolygon

.@FireblocksHQ, award-winning crypto custody technology and digital asset provider, and @TokenySolutions, the leading tokenization solution provider, announced their partnership to provide an enterprise-grade solution for tokenization using the #ERC3643 #onPolygon.🤝

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Institutions seeking to mint and manage permissioned tokens such as digital securities, stablecoins, and loyalty tokens can rely on Fireblocks and Tokeny as technology shields to ensure compliance, security, and control without any technical barriers.

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#Polygon believes that security such as private equity, funds, debts and real estates should be easily accessible and hassle-free for faster adoption. However, capital markets are characterized by fragmented and isolated networks with little interoperability.

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Much of the compliance and management processes are manual or even paper-based. Resulting in inefficient workflows, costly operations, and limited liquidity.

Asset tokenization is the solution.

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It is a process to represent securities on blockchain infrastructure, allowing them to be owned and transferred directly by the owners.

By tokenizing securities, issuers can automate compliance and operation processes, allowing them to greatly reduce costs.

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Roland Berger’s study projects that tokenized equity could reduce $4.56 billion in trading costs by 2030.

Imagine how much all capital markets could save combined.

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Fireblocks and Tokeny make it easy to compliantly tokenize assets, accelerating adoption. 🚀

#Polygon is thrilled about this major partnership and is looking forward to the journey ahead.

More details 👇
bit.ly/PolygonFireblo…

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