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According to the Merriam-Wester dictionary, a utility token is “a digital token of cryptocurrency that is issued to fund the development of the cryptocurrency, and which can be later used to purchase goods and services offered by the issuer of the cryptocurrency.”

In a layman language, a utility token is a blockchain-based digital asset people purchase intending to use for something in the future. For instance, the Tokenizer Issuance Platform is on the verge of issuing TKZ tokens to fund the development of its tokenization infrastructure. …

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A tokenization platform is where the tokenization of assets takes place. It links empowered investors with disruptive and verified companies. Tokenization is the process of representing traditional assets, like real estate, bonds, and private equity on a blockchain network.

A tokenized asset can be instantly and directly transferred between parties, with ownership recorded on a decentralized, open ledger. This eliminates the need for expensive third-parties, reducing transaction costs, and improving liquidity. Besides, tokenization opens asset classes to a broader pool of investors, who previously lacked access to the infrastructure required to trade and store them.

Tokenizer is the world’s first self-service tokenization platform with full-cycle tokenization services. …

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Despite the volatile nature of cryptocurrencies and the controversy surrounding Facebook’s Libra, digital currencies are increasingly on the radar of wealth managers.

The Libra project is based on the principle of reinventing money to transform the global economy and improve people’s living standards. Indeed, the project has all the high-minded self-confidence and overarching drive expected of the social media giant as it unveils its crypto outlook.

In October 2019, American lawmakers grilled Mark Zuckerberg regarding various concerns, such as Facebook’s handling of Libra users’ data and the Libra Association’s placement, the establishment in charge of the project, in Switzerland instead of the United States. …

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PayPal is allegedly preparing to start trading cryptocurrencies to its 325 million users directly- with openings for blockchain professionals popping up on its career website. The story began with a CoinDesk report on 22nd June 2020, which claimed that high profile individuals familiar with PayPal confirmed that the company is developing a direct buying and sales portal for digital currencies in its native app, and its subsidiary, Venmo.

Besides, “they are going to have some built-in wallet functionality so you can store it there,” the source told CoinDesk. …

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Digitization can enable private equity companies to improve efficiency and minimize charges.

Private equity (PE) firms face regulatory pressure, the demand for more transparency and cost-effective charges, and growing direct and co-investments by limited partners. To solve these issues and improve efficiency, PE firms must leverage cutting-edge technologies and change their business models.

Digital transformation

Digital transformation of PE entails the use of a combination of new technologies and methodologies, like blockchain technology, AI, big data analytics, cloud solutions, IoT, and strong cybersecurity. These innovations are a huge leap forward compared to the Excel spreadsheets that most PE businesses use.

Digital transformation utilizes the vast amounts of data generated by portfolio firms and private equity firms. It is one of the untapped sources of generating more revenue. …

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Which is worse: getting paid by check, or receiving your payment late? For most people and scenarios, it amounts to the same thing.

Checks processed via mail take almost a week to be delivered and longer after that to be settled from the time they are issued. Not only are checks slow to process, but also vulnerable to mail theft and fraud, and have bank-imposed transaction charges.

For businesses, checks are not a reliable method of cash flow management. However, checks play a significant role in B2B payments, with many companies still relying on paper-based processes to clear bills. Currently, the dependency on paper-based clearance is taking a turn as companies adopt faster and more effective electronic payment methods, such as ACH. Though ACH payments are not as slow as checks, they are not real-time. They take about two days to reach the recipient. …

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Since early 2019, Dan McCrum, from the Financial Times, has been reporting that Germany fintech company Wirecard AG was faking its revenue, and Wirecard has been furiously hitting back by condemning McCrum of colluding with short sellers to bring down its stock.

In mid-June 2020, Wirecard reported that some of its funds were missing, and just a week later, the company admitted: “that there is a prevailing likelihood that the bank trust account balances of 1.9 EUR do not exist.” It went on:

The Management Board further assesses that previous descriptions of the so-called Third Party Acquiring business by the company are not correct. The company continues to examine, whether, in which manner and to what extent such transaction has been conducted for the benefit of the company. …

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Tokenizer is a self-service blockchain banking platform for a complete-cycle token offering experience. We are a fully compliant token issuance company where you can issue, fundraise, invest, and trade in asset-backed tokens (ABTs). Anyone from any part of the world can tokenize their offerings for $X with or without coding skills.

Our main features

We issue both utility and security tokens using smart contract generation tools.

We have a smart and safe investor management system comprising of a digital wallet, custody, and crypto debit cards for the token sale, storage, and distribution.

We have an exchange and a DEX for the trading of Asset-backed Tokens and other digital currencies. …

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Cryptocurrency newcomers often get confused about the difference between a coin and a token. These two words are commonly used when talking about cryptocurrencies, and many people either mix them up or refer to them as the same. However, they have different meanings and uses. This article will unearth the difference between coins and tokens and their applications.

What is a coin?

A coin is an encrypted digital currency designed to be used as a form of payment. It is a unit of value that operates on its own blockchain network, independently, or on another platform. …

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Tokenization is the latest trend in the cryptocurrency space that leverages blockchain to securitize assets, both traded and non-traded. The main benefits of asset tokenization are improved liquidity, faster settlement, lower expenses, and boosted risk management.

Capital markets are still in the infancy stages of adoption of blockchain technology and distributed ledger technologies (DLT), and the industry is continually looking for practical applications. One major group of such use cases is the creation of digitally tokenized assets. …

About

Josiah Makori

A Certified & Professional blockchain Copywriter. Analyst, Crypto investor, currently working for Defi Ventures. #BTC #ETH #XRP #BTCCash #EOS

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