Hedera Hashgraph has announced the launch of its new open-source Asset Tokenization Studio (ATS), an all-in-one toolkit for tokenizing real-world assets (RWAs).
The studio enhances and secures the functionality of the ERC1400 standard while ensuring compliance with US Securities and Exchange Commission (SEC) regulations. It is fully customizable and allows users to configure, issue, and manage RWAs on the Hedera network.
ATS is geared towards institutions, regulatory bodies, and developers. It features a digital securities dashboard that enables users to issue RWAs, such as bonds and equities, in just a few clicks.
ATS is open-source and complies with the US SEC
The studio supports US SEC Regulation (506-b, 506-c) and Regulation S. Regulation 506(b) enables companies to raise unlimited funds by selling securities to investors without general solicitation, and allows up to 35 non-accredited investors to participate. Regulation 506(c) allows companies to advertise their securities offering to the public, but only accredited investors are permitted to participate. Hedera stated that it is working on expanding the regulatory compliance of tokenized RWAs to other jurisdictions.
In addition, ATS records the entire lifecycle of the asset on-chain for compliance purposes. Furthermore, the studio extends the functionality of the ERC1400 standard by making it easy to manage metadata data on the Hedera network. Also it integrates key features such as KYC, whitelisting, and regulatory compliance directly on the blockchain.
See also Are Bitcoin bulls back? BTC regains $60K
The tokenization studio leverages an open-source SDK and offers audited, customizable smart contracts, helping developers save time and costs. The interface is user-friendly and features numerous wallet integrations including MetaMask, HashPack, and Blade Wallet.
Recently, Hedera Hashgraph became a founding Premier Member of the Linux Foundation’s new Decentralized Trust initiative. The Linux Foundation launched this initiative to support the growing ecosystem of blockchain and decentralized technologies. Hedera Hashgraph announced that it has contributed all of its source code and algorithms to the open-source foundation, naming the contribution the “Hiero” project.
Hedara Hashgraph launched in 2018 and its native token HBAR has a market cap of $1.8 billion and stands at a price of $0.05011 at the time of writing.