Hedera introduces a tool for asset tokenization

Hedera has announced the launch of Asset Tokenization Studio — an open-source toolkit designed to simplify the issuance, management, and trading of tokenized bonds and stocks within its network. The primary goal of the product is to reduce risks associated with off-chain asset management, which are relevant to the ERC-1400 standard.

New capabilities for asset management

The development team emphasized that the toolkit will provide a comprehensive solution for managing cryptocurrencies on-chain, with features like handling bond coupons, stock dividends, whitelists, and support for various regulatory standards. This will significantly simplify the operations of financial institutions and corporate asset issuers in the tokenization space.

Technical solutions and developer support

The Asset Tokenization Studio toolkit offers a WebUI for testing and a TypeScript SDK for deployment, both available under an open-source Apache 2.0 license. The SDK supports many token operations and integrates with MetaMask and Hedera WalletConnect for transaction signing.