The partnership also involves Zoniqx, a Silicon Valley-based firm focused on bridging real-world assets to the decentralized finance ecosystem via compliant and interoperable blockchain infrastructure. Zoniqx\u2019s Dynamic Compliant Interoperable Security Token, or DyCIST, is the standard for ERC-7518 aimed at institutional tokenization.<\/p>\n
Zoniqx\u2019s standard allows for the embedding of jurisdiction-aware compliance at the token layer, as well as the automation of know-your-customer and anti-money-laundering enforcement. KYC and AML are key compliance requirements that have slowed institutional entry into the tokenized real-world asset market.<\/p>\n
StegX\u2019s deployment of the tokens will leverage the security token standard ERC-7518, with this allowing the platform to tokenize regulated assets. Hedera Foundation said the platform\u2019s move is one that \u201cshifts tokenization from theory to execution.\u201d<\/p>\n
\n\u201cBy integrating the ERC-7518 token standard on the Hedera network, the StegX marketplace is not only pioneering a new era of asset tokenization but also ensuring that every transaction is executed according to the regulations of the issuers,\u201d said Daniel Radwansky, chief executive officer and co-founder of StegX. \u201cOur partnership with Zoniqx fortifies this vision, providing a fully digital and compliant pathway for institutional investors to access premium tokenized real-world assets,\u201d Radwansky added.<\/p>\n<\/blockquote>\n
The Hedera Foundation\u2019s collaboration with StegX and Zoniqx comes just a day after Verra, a global carbon standard leader with over 1 billion carbon credits issued, integrated with Hedera. Verra accounts for over 60% of the global carbon credits market.<\/p>\n
The HBAR Foundation also recently partnered with asset tokenization platform Tokeny as it looks to bring compliant real-world asset tokenization to the Hedera network. In February, the HBAR Foundation invested in Fidelity International\u2019s money market fund, with the shares tokenized by Archax.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Hedera\u2019s traction in the real-world assets market is set for a major boost, thanks to $100 million worth of real-world assets coming on-chain via institutional real estate platform StegX. The…<\/p>\n","protected":false},"author":1,"featured_media":1425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1424"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1424\/revisions"}],"predecessor-version":[{"id":1426,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1424\/revisions\/1426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1425"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}