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Dubai Crypto Company to Allow Tokenization of Real-world Assets

April 16, 2019

Dubai-based crypto firm Darico has released its latest offering, known as DGTO, whose services provide business owners and developers with what the company says are all the tools necessary in order to “tokenize assets into security tokens,” including technical and legal expertise together with sales and marketing strategies.

The parent company states that the tokenization platform is in contact with regulators in various jurisdictions to ensure legal compliance.

Darico, launched in 2016, aims to kickstart the new product and establish itself in the tokenized real estate market. The firm added that it is currently negotiating with some of the biggest real estate names in the United Arab Emirates (UAE), along with major infrastructure projects.

The company is hoping to raise liquidity in the global real estate market, which was worth a combined total of US$280 trillion in 2017 for an increase of 6.2 percent above the previous year. Residential properties accounted for the lion’s share of the market, with commercial and agricultural real estate making up the remainder.

DGTO will provide a web-based platform that allows users to take part in security token offerings (STOs) to migrate real-world assets to the blockchain network.

The platform is set to join Darico’s ecosystem of five products that have already been developed. DGTO would be closely connected with the firm’s DAREX exchange, allowing for the “effortless” trade of new business-created security tokens on a secondary market.

The company’s strategy to emerge as a market leader in the tokenization of real estate follows an announcement that it is collaborating with RDK Commercial Investment, one of the UAE’s leading private property providers.

Source: cointelegraph.com

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