R3, an Enterprise Blockchain Software firm on July 16 announced the launch of ‘’Token SDK’’, a new developer toolkit to create native tokens on its Corda blockchain platform, which will go a long way in doing for Corda, what ER20 did for Ethereum.
A Common Way to Issue And Trade Tokens
The firm ascertained on their official blog, stating categorically that while Corda already allows developers to build out tokens, the new R3 will help them with a common way to create, issue and trade tokens.
A part of the post reads
‘’ Emerging digital asset exchanges and businesses looking to securitize real-word assets, are already using the token SDK to represent debt, equity and cash instruments on Corda, and also to explore the tokenization of other goods and commodities, without forgetting the services.’’
Firms like Six Digital Exchange and blockchain-powered precious metal platform, which includes gold and silver Tradewind Market are already using Corda solution, among other firms.
The Chief Digital Officer of Six Digital Exchange on using the solution stated that the firm is building the exchange of the future for digital assets, which will be able to adapt and evolve the ecosystem in the foreseeable future.