On July 15th enterprise blockchain firm R3 released a
tokenization interface and set of digital asset standards for its Corda platform. The Token SDK interface allows customers to represent any asset as a token and use Corda to trade and store it securely.
The enterprise blockchain platform already has capabilities for using financial and legal terms in smart contracts, along with private and scalable operations. R3 also designed Corda to have instant settlement finality and assets cannot be duplicated.
What makes yesterday’s release different from Corda’s existing enterprise services is the ability to create native tokens. Corda based tokens were first used in 2016 in Bank of Canada’s
Project Jasper. But now the Token SDK allows for integrated creation using built-in token types representing many forms of real-world assets.
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