Klaytn Foundation, the organization behind the enterprise blockchain platform Klaytn, is committed to utilizing blockchain technology to drive social change and improve financial accessibility in Asia and other regions. With a roadmap for 2023, the Foundation aims to become the core infrastructure for the future on-chain world by implementing blockchain-powered solutions. To kickstart this initiative, the Foundation has launched the RWA tokenization program, which allows projects to create tokenized versions of real-world assets. A key partner in this program is CREDER, a financial firm focusing on building a gold-centered decentralized finance (DeFi) ecosystem. Other partners include Tokeny Solutions and Elysia, which assist businesses in creating compliant tokenized assets and tokenizing commercial and residential real estate, respectively.
Klaytn Blockchain: Ideal for Tokenization
The Klaytn blockchain is considered an optimal platform for tokenizing real-world assets due to its infrastructure. It offers low transaction latencies and significantly lower network fees compared to Ethereum, making it attractive to projects seeking tokenization solutions. Additionally, Klaytn enhances security and transparency by enabling automated ownership management and auditing transaction history. The blockchain also supports the fractionalization of high-value assets, such as jewelry, precious metals, artwork, and real estate, thereby increasing accessibility. As of now, Klaytn has a market cap of over $399.5 million, with a 1-second block time and an average of 5 transactions per block over the last 24 hours.
Klaytn was launched in June 2019 to drive the widespread adoption of blockchain technology through DeFi. It quickly gained over 40 Initial Service Partners (ISPs) across various sectors and countries, including finance, e-commerce, healthcare, and entertainment. In May 2020, Klaytn partnered with Chainlink to develop tools that facilitate integration with traditional and off-chain enterprise structures. The user-friendly interface and developer-friendly environment of Klaytn have attracted numerous developers and fueled the growth of high-value projects, such as the Central Bank Digital Currency (CBDC) pilot by the Bank of Korea. Currently, Klaytn has facilitated over 1 billion transactions across more than 300 decentralized applications (dApps).
What is Klaytn Foundation?
Klaytn Foundation is the organization responsible for the enterprise blockchain platform Klaytn. It aims to drive positive social change and improve financial accessibility through blockchain technology.
What is the RWA tokenization program?
The RWA tokenization program launched by Klaytn Foundation enables projects to create tokenized versions of real-world assets, such as jewelry and real estate.
Who are the partners of Klaytn Foundation?
Klaytn Foundation has partnered with various organizations, including CREDER, Tokeny Solutions, and Elysia. CREDER focuses on building a gold-centered DeFi ecosystem, while Tokeny Solutions assists businesses in creating compliant tokenized assets. Elysia specializes in tokenizing commercial and residential real estate.
Why is Klaytn blockchain ideal for tokenization?
Klaytn blockchain offers low transaction latencies and significantly lower network fees compared to Ethereum, making it attractive for projects seeking tokenization solutions. Additionally, it enhances security, transparency, and accessibility for tokenized assets.