Euronext invests in Digital assets company, Tokeny Solutions
European stock exchange Euronext announced their substantial investments in Tokeny Solutions.
The announcement says that Euronext has bought the entire €5 million capital increase of Tokeny Solutions. This results in Euronext's stake in Tokeny Solutions to 23.5% and with a strong governance representation.
Convinced of the long term impact of #tokenization on the financial industry, Euronext invests in @TokenySolutions - the compliant tokenization platform. We have subscribed the entire €5 million capital increase of Tokeny, resulting in a 23.5% stake ➡️ https://t.co/91k5z5BbLa pic.twitter.com/5gPMgLW8ZX— Euronext (@euronext) July 1, 2019
Launched in 2017, Tokeny Solutions is a Luxembourg-based tokenization platform. The company provides end-to-end solutions to issue, manage and transfer tokenized securities on the public blockchain. Tokeny Solutions’ unique T-REX protocol integrates compliance obligations into the digital asset smart contract, to create tokens compliant by design.
The press release said, "Selected as 2019 Startup of the Year at KPMG’s FinTech Awards Luxembourg, Tokeny Solutions will allow Euronext to onboard a renowned team in the digital asset industry, and broaden its client base towards private companies and investment firms."
Tokenization is the method of converting rights of an asset like equities, debt-like instruments, and funds, into digital tokens. These tokens then further can be subdivided, traded and stored on a blockchain system.
Euronext’s investment in Tokeny Solutions underlines the company's major long term bet on tokenization of assets.
PC:Tokeny Solutions
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