TokenFi Launches RWA Tokenization Platform on May 23

TokenFi, a tokenization project within the Floki ecosystem, has introduced its highly anticipated real-world asset (RWA) tokenization platform. This platform is designed to simplify the process of bringing physical and financial assets onto the blockchain in a fully compliant manner. The new module, set to go live on May 23, provides a no-code solution for companies to create and issue regulatory-compliant tokens backed by real-world assets. These tokens are built on the ERC-3643 standard, which integrates compliance capabilities directly into the token itself. The platform can be accessed at https://tokenfi.com/RWA.

The platform allows issuers to set clear rules for token ownership and transfer, based on investor type or jurisdiction. These rules are automatically enforced on-chain, ensuring compliance with regulatory requirements. At the core of the platform is ONCHAINID, a smart identity framework that links token ownership to verified investor identities. This ensures that tokens can only be held or traded by qualified investors who have passed Know Your Customer (KYC) checks and meet regulatory standards. Wallets in this system serve as signing tools rather than owners, enhancing security and compliance.

The ERC-3643 standard also offers strong interoperability features. Despite their enhanced compliance capabilities, these tokens remain compatible with existing ERC-20 infrastructure, allowing seamless integration into current blockchain ecosystems with minimal technical adjustments. This compatibility ensures that businesses can leverage established tools while still meeting regulatory requirements.

TokenFi’s platform streamlines the entire tokenization process for issuers. It allows them to set subscription periods and investment limits, configure fees and payment methods, and handle investor onboarding with built-in KYC and document signing tools. If regulations change, issuers can update compliance rules even after the tokens are live, ensuring ongoing compliance. The platform is compatible with all Ethereum Virtual Machine (EVM)-compatible blockchains, providing flexibility for projects to launch on their preferred blockchain. This makes the platform suitable for a wide range of applications, from tokenizing equity and real estate to commodities and intellectual property rights.

Floki, the people’s cryptocurrency and utility token of the Floki Ecosystem, aims to become the world’s most recognized and used cryptocurrency. With a focus on utility, philanthropy, community, and marketing, Floki has gained a strong brand recognition globally. The ecosystem currently has over 550,000 holders and strategic marketing partnerships that have contributed to its widespread recognition.

TokenFi is an innovative platform for crypto and asset tokenization, enabling users to launch or tokenize assets effortlessly. The platform is committed to revolutionizing the trillion-dollar tokenization industry by offering a user-friendly interface that requires no coding expertise. This makes it accessible for businesses to tokenize their assets and bring them onto the blockchain in a compliant and scalable manner.