Capital markets News

Unisys Japan to launch blockchain security token platform

unisys

Today Nihon Unisys said it plans to launch a security token platform in the spring of 2022. The blockchain platform will support the issuance, transfer and redemption of the security tokens. Typically tokenization platforms aren’t only for digitizing stocks but can also tokenize real estate or wine bottles, as examples. 

At the start, Unisys will support ERC-20 Ethereum tokens and may support non-fungible tokens in the future, such as for digital art and other intellectual property. 

In the past, Unisys has used Enterprise Ethereum, and it did not clarify whether the solution will be on a public or permissioned network. Whichever technology is used, security tokens have to be legally compliant, as they are not owned anonymously.

Article continues …

subscriber padlock

Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.


Image Copyright: Wolterk / BigStock Photo