Luxembourg-based fintech startup Tokeny will deploy the British blockchain outfit Telos’s technology on its platform.
The deal includes Telos EVM, Tokeny on 18 April 2024.
Telos is a layer 0 network, which connects several networks. Telos EVM, its ethereum virtual machine, manages smart contracts on the ethereum blockchain system.
Tokeny “allows financial actors operating in private markets to compliantly and seamlessly issue, transfer and manage securities using distributed ledger technology.”
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, CEO of Tokeny, stated in its announcement: “Our solutions are designed to be compatible with any EVM chain, allowing our clients to seamlessly navigate the ever-expanding blockchain landscape. We identified Telos as a promising ecosystem poised for growth. As a technology provider, our mission is to ensure that our clients have the flexibility to choose any chain they desire and switch with ease.”
Tokeny is backed by Apex Group, Euronext, Inveniam Capital Partners and K20 Fund, according to the firm Crunchbase. It has advisory partnerships with Creatrust, Finimmo and PWC, and counts ABN Amro, Defactor Labs and Terazo among its users, according to Tokeny’s website. Its Linkedin page said that “$28bn in assets (real estate, art, commodities, funds, bonds, equities, debts) have been tokenised using Tokeny’s technology.” It is based at the Luxembourg House of Financial Technology.