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

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Tradewind Tracks Gold Trade with Origins Blockchain
Blockchain-based digital trading platform Tradewind Markets has launched Origins, a new solution to ...

November 15, 2019

Fujitsu, Ricex Partner to Develop Rice Trading Platform
Fujitsu and Switzerland’s Rice Exchange have partnered to develop a rice trading platform using bloc...

November 14, 2019

Major Asian Financial Service Firms Publish Report on Tokenized Securities
Some of Asia’s largest financial firms have published a paper exploring the feasibility of using tok...

November 14, 2019

Smart Cities in China Embraces Blockchain-enabled ID System
China has launched an identification system powered by blockchain to improve connectivity and data s...

November 13, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us