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2018 is closing and the buzz about tokens is yet to go down. Earlier on during the year, many pundits in the industry believed that tokenized securities would define the crypto world. This might not have happened on a large scale but the financial system has definitely seen some interesting things happening. The crypto world still represents a huge market worth trillions of dollars in real assets. The realm of securities is thus set to change dramatically anytime soon considering the innovation that is still causing disruption. So, what are the top blockchain projects in the securities realm have defined the year?
1. Polymath
Polymath has caused a lot of excitement in the market because it has modeled itself in the line of Ethereum. This means that it is a comprehensive system that has everything concerning security tokens. Tokens can be created within the platform and other financial features are supported. The platform has its own security token in the trading platform and it has a substantial funding from partners
2. Tokeny
The goal of Tokeny is to capitalize on its technology to allow for investment in security tokens. The platform hopes to create liquidity in order to promote investment. There is already a token launched by this project and the platform has many financial features already developed. The platform is not just about securities, though, as there is support for utility tokens.
3. Swarm
Swarm has been involved in various aspects in the crypto world. The platform is best known for tokenizing real-world assets. By using their SRC20 protocol, the platform is able to issue securities which are also tied to actual assets. There are standards established by the platform to regulate who is awarded tokenized securities. Many kinds of assets can be tokenized using this platform. Swarm is thus changing both the crypto and real asset world with its innovative protocols.
4. OpenFinance Network
Another key player to take note of is OpenFinance Network. This platform is also concerned about tokenizing the financial world. The platform is starting by creating the first security token trading exchange in the United States. With support for banks, transfer agents, brokerage houses and other entities in the financial world, the platform hopes to make trading processes smooth and seamless. Big investors have already expressed confidence in the platform and it is only a matter of time before it takes off.
5. TrustToken
Finally, TrustToken has a stable coin in the market already. The TrueUSD coin is pegged against the US Dollar and it has backing from TrustToken. The platform as a whole oversees that management and issuance of tokenized securities. The great thing about the platform is that it cuts the process of acquiring security tokens by bringing the various factors into one platform. The platform plans on making it possible to tokenize everything.
Summary
The market is currently seeing an influx of management and issuance platforms. The securities realm in the crypto world is thus only at its crux and things will get smoother as investments start to roll in. The above platforms represent the key projects to watch as they will define the security tokens space within the next few years.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.