High-Value Asset Token Platform Eyeballs Australian Launch

TOKO – a new asset token platform targeting high-value markets such as real estate and the art world – is looking for countries that already have a clear regulatory asset tokenization framework in place.

As such, the USA, the UK, Australia, Singapore, Switzerland, and Canada are in TOKO’s sights. TOKO is a collaboration between law firm DLA Piper, Aldersgate DLS, and Hedera Hashgraph.

Renowned Companies, Renowned Partners

DLA Piper is a law firm that specializes in international law and has offices in over 40 countries, while Hedera Hashgraph is a company running a highly scalable distributed ledger technology used by private companies and government sectors worldwide – including the Aussie agricultural sector.

Scott Thiel – a DLA Piper Technology partner – stated that TOKO is the result of years of development and research into the laws of countries around the globe regarding the creation of tokenized assets.

DLA Piper explained that through the use of blockchain technology, auditing can be carried out much easier – a welcome blessing in industries that are at times rife with speculation and fraud allegations.

“Our clients understand the technology and smart contracts, and see the benefits tokenization can provide in terms of the trust and efficiency it can create in fractionalizing assets.”

Aside from the three companies already involved, the BCW Group will be brought on board to aid with marketing strategies and more.

To celebrate its launch, TOKO finished tokenizing artwork commissioned by DLA Piper partners based in Hong Kong.

Although the partners have not set a date in stone for the launch of TOKO in various countries, Australia’s crypto-friendly atmosphere should make the delay minimal.