Key Highlights:

  • TokenFi, a Floki ecosystem project, has launched a no-code platform for tokenizing real-world assets (RWAs).

  • It is built on the ERC-3643 standard, which ensures interoperability with existing ERC-20 infrastructure.

  • It features ONCHAINID to link token ownership to verified investors and enforce KYC and regulatory requirements.

TokenFi has introduced its Real-World Asset (RWA) Tokenization Platform. The main aim is to simplify the process for businesses and bring physical and financial assets onto the blockchain. 

The platform went live on May 23. It offers a no-code solution for creating and issuing regulatory-compliant tokens backed by RWAs.

Bringing Real-World Assets On-Chain

These tokens are built on the ERC-3643 standard. This allows issuers to set clear rules, based on investor type, with these rules enforced automatically on-chain.

ONCHAINID is a smart identity framework that connects token ownership with verified investor identities. It serves as the platform's core, ensuring secure and transparent transactions.

This ensures that tokens can only be traded by verified investors who pass KYC and meet regulatory requirements. This further enhances the security.

Compatibility and Interoperability

Despite the enhanced features, ERC-3643 tokens remain compatible with existing ERC-20 infrastructure. This interoperability allows easy integration into blockchain ecosystems with minimal technical adjustments.

TokenFi’s platform also provides issuers with tools to manage the tokenization process. This involves defining subscription periods and investment limits while configuring fees and payment methods. 

Additionally, it includes managing investor onboarding to ensure a smooth process. The platform is compatible with all EVM-compatible blockchains, offering projects flexibility in choosing where to launch. 

TokenFi aims to create a platform that simplifies asset tokenization across various sectors. It focuses on equity, real estate, commodities, and intellectual property rights.

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