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9 December 2018 at 19:30
| updated:
10 December 2018 to 00: 50 & nbspUTC
As per a press release dated December 6, Neufund, a platform that works with the enhancement of real-world resources with legally enforceable security tokens, has partnered with Ledger, a French manufacturer of cryptocurrency hardware portfolios, to launch an extremely secure system. blockchain platform that will allow users to manage their real security tokens.
This partnership promises to be an end-to-end solution for securities tokenisation, in which both teams will work in tandem to develop a robust security token management framework.
Security tokens are basically digital goods backed by real assets such as art, stocks, bonds, etc. Holders of these tokens are paid based on the performance of their underlying assets.
The experts of the cryptosphere are of the opinion that the STOs, which are gaining ground at a tremendous pace, can soon replace the initial offers of coins. With such a future in mind, Neufund and Ledger are trying to build a highly functional and secure security token system in order to make life easier for investors.
Ledger, at the beginning of 2018, had launched a user-friendly desktop application, Ledger Live, to ensure that customers can manage up to 712 digital resources in real time without problems. Ledger has now given indications that he is working to add ERC-20 token support in his Ledger Live desktop app that will also allow users to manage all of the security tokens released via Neufund.
Zoe Adamovicz, CEO of Neufund, noted that,
"At present, Ledger's hardware portfolios are the safest way to set up and manage the investments conducted through the Neufund set of protocols, allowing large investors to manage their ERC-20-based stock tokens directly from an application. desktop will interrupt our way of interacting with our digital resources ".
If everything proceeds according to plan, both companies have expressed interest in organizing a technical-legal hackathon open in Paris. This will make it easier for many to come up with better ideas on how to manage real-world token resources.
Rishma Banerjee
Rishma is currently pursuing a degree in International Relations and has a special place in her life to sift through all sorts of random curios, thank you very much.
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