- Joining Forces for MiCA Compliance
- Hedera Launches Asset Tokenization Studio
- A Broader Commitment to Decentralization
Hedera announced its participation in the MiCA Crypto Alliance as one of the founding members alongside Ripple and Aptos Foundation. On the same day, Hedera launched its Asset Tokenization Studio to streamline the asset tokenization process.
Joining Forces for MiCA Compliance
The MiCA Crypto Alliance, spearheaded by the DLT Science Foundation (DSF), brings together key industry players including Hedera, Ripple, and Aptos Labs. The alliance aims to provide crypto firms with tools and resources needed to navigate stringent MiCA regulations of the European Union. These regulations require firms to disclose their climate impact and adhere to other compliance standards.
Hedera Launches Asset Tokenization Studio
Hedera launched the Asset Tokenization Studio, an open-source toolkit for the configuration, issuance, and management of tokenized assets on the Hedera network. The platform is designed for financial institutions, asset managers, and developers, offering services for testing, development, and deployment of tokenized assets. It also addresses regulatory concerns such as KYC/AML and SEC requirements.
A Broader Commitment to Decentralization
The recent developments follow Hedera's announcement of joining the LF Decentralized Trust Initiative, managed by the Linux Foundation. Hedera contributed its entire source code, including the Hashgraph consensus algorithm, to the Linux Foundation’s new Hiero project. Hedera’s president, Charles Adkins, described this as a 'historic moment in the evolution of decentralized networks.'
These steps highlight Hedera's commitment to regulatory compliance and innovation in blockchain technology.
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