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The crypto startup Smartlands launched a rebrand of its technology, while Polymesh and Algorand saw an uptick in adoption. The latest developments in the world of digital securities come to us from our friends at CryptoSlate.
Smartlands is rebranding to Smartlands Platform while Polymesh and Algorand are seeing growing adoption. The “Smartlands white paper” is a document that explains how the platform works.
‘Smartlands’ transforms into ‘Definder’
Digital securities are appealing in part because they may be used to a wide range of industries to provide new capabilities and efficiency. Smartlands, a U.K.-based tokenization platform, has shown this on several times in the real estate and agriculture industries.
Smartlands has stated that it will now be called as Definder ‘at the holding company level,’ in order to continue to develop and expand. This change in branding was done to better represent the company’s desire to promote its services to a wider audience. It cites the following as a few new areas where tokenization is being pursued.
- Shares of SME Corporations
- Art
- Gold
- Assets that are profitable
“The rebranding and introduction of a refreshed corporate website helps us to achieve a better position among DeFi firms,” Definder CMO Nataliia Britten said of the rationale for the name change. It’s crucial to keep our established principles and traditions, but the new brand will also represent the company’s development and offerings. Definder represents a new approach to investing and crowdfunding; it will protect asset owners’ and all sorts of investors’ rights to transparent and simple capital management, and it will assist everyone in finding the best investment alternative.”
Definder should be able to reach its long-term aim of tokenizing more than $1 trillion in assets as a result of this increase in assets slated for tokenization.
Tokenise to Adopt Blockchain ‘Polymesh’ for Digital Securities
Polymesh, a newly established and custom-built blockchain for digital securities, has already found significant acceptance. Tokenise, a small startup based in Barbados that plans to build a regulated stock market for digital assets in 2022, has revealed that Polymesh would be their blockchain of choice.
Eligible investors may expect to profit from investing possibilities in the following asset classes as a result of this agreement.
- Equity
- Bonds
- Funds
- Tokenization of Real Estate, Ships, and Land on a Fractionalized Basis
- Musicians, Artists, and Other Royalty Tokens
“Investors may swiftly and easily deposit their money to acquire the tokens that are suited for them,” according to Tokenise, “with all transactions completed via a registered brokerage and on the regulated Tokenise Stock Exchange with enhanced security and anti-money laundering (AML) checks.” Unlike non-fungible tokens (NFTs) and cryptocurrencies, which are being traded on uncontrolled exchanges.”
Algorand + STOKR
With the announcement of Algorand’s support, issuance platform STOKR has given digital securities businesses and fans a little more freedom.
“Algorand, a smart contract blockchain established by MIT professor Silvio Micali, is attracting all the right people for all the right reasons,” STOKR said in its statement, praising the Algorand development team. Unlike similar initiatives, which are predominantly led by entrepreneurs, Algorand is generally led by academics and scientists.”
With this functionality, digital assets may now be produced and issued on the STOKR blockchain, which is known for aiming to be the “greenest” of its type. Click HERE to learn more about this project and what makes Algorand such an exciting blockchain.
Watch This Video-
“Smartlands Rebrands While Polymesh and Algorand See Growing Adoption” is a headline from “Digital Securities Weekly”, which discusses the rebranding of Smartlands. The article also mentions that Polymesh and Algorand are seeing increasing adoption. Reference: smartlands roadmap.
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