Today Globacap, the private markets workflow firm, announced a partnership with Tokeny. Tokeny is the APEX-backed tokenization firm that founded the ERC-3643 standard widely used for security tokens. While Tokeny offers a tokenization solution, the announcement focuses on Globacap’s integration with Tokeny’s DINO distribution network.
For Globacap, once it automates the workflow of a private issuance and tokenizes it, the issuer will want to ensure it has wide distribution. That contrasts with the fragmented silos often seen in the institutional DLT space. Hence, through the DINO network, Globacap can access many venues supporting the ERC-3643 standard.
Last year Myles Milston, the CEO of Globacap, wrote an opinion piece for Ledger Insights about his vision of tokenization in private markets. One of the points he highlighted is that most cryptocurrencies are bearer instruments, which contrasts with securities.
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