Digital asset firm Crypto Finance and Switzerland-based B2B transaction bank InCore have announced they are launching a new tokenization tool based on the Tezos blockchain.
InCore Bank announced a new collaboration with Crypto Finance and Swiss IT consulting firm Inacta to introduce new digital financial products based on Tezos, a decentralized, open-source, proof-of-stake blockchain network.
The involved companies have developed a new Tezos token standard for asset tokenization built on the Tezos FA2 standard, a multi-asset interface for Tezos allowing developers to invent token types like non fungible tokens.
Using the Tezos FA2, Inacta has developed a new DAR-1 token standard, which aims to unlock new smart contracts-enabled functions to support financial markets, including Anti-Money Laundering regulations mechanisms as well as asset governance.
