Transaction bank Incore and Crypto Finance will use Tezos-Blockchain for their future range of tokenized financial products.
Transaction bank Incore, crypto-services provider Crypto Finance and Zug-based company Inacta are going to be using Tezos, taking it on its way to setting a new standard for tokenized financial products, the companies said in a joint statement Tuesday.
Tezos’ blockchain enables the tokenization of assets, encompassing all functions necessary for financial markets, it said, from anti-money laundering regulations through to asset management.
Inacta developed the standard and Tezos deployed it.
Institutional Staking
The providers say they believe the potential for the tokenization of assets will increase significantly by using Tezos.
Incore and Inacta now want to start a series of securities issuances on the Tezos blockchain and open the financial market’s doors to new participants.
Incore can now also offer staking services for the Tezos network. This opens up new income opportunities for institutional customers.
Staking has established itself in the field of crypto finance as a method of generating constant income by investing in crypto currencies, similar to interest.
Coins as a Reward
With staking, holders of coins or cryptocurrencies can participate in the governance of the relevant network by making their coins available and validating transactions on the blockchain. Extra coins are allocated as a reward.
