#Tokenizing Commodity Assets, @tokenize_it
February 25, 2019 (Investorideas.com Newswire) "...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.
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.
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.
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:
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