TokenFi, the tokenization project by the Floki ecosystem, has launched its long-awaited real-world asset tokenization platform. It is designed to simplify the process of bringing physical and financial assets on-chain in a compliant manner.
TokenFi Platform Launch
The platform went live on May 23 and offers a no-code system for companies wishing to create and issue regulatory-compliant tokens. The tokens will be built on the ERC-3643 standard.
Features of ERC-3643
ERC-3643 tokens include built-in compliance capabilities, allowing issuers to set clear rules for who can buy or transfer tokens based on investor type or jurisdiction. These rules are automatically enforced on-chain.
Platform Capabilities and Advantages
The platform features ONCHAINID, linking token ownership to verified investor identities, allowing token issuance only to qualified investors. With compatibility with existing ERC-20 infrastructure, ERC-3643 tokens can seamlessly integrate into current blockchain ecosystems with minimal technical adjustments.
The launch of TokenFi's platform opens new avenues for companies, allowing them to effectively tokenize various assets while complying with legal requirements.
