Tokenizing assets: 60+ blockchain startups changing securitization

As explained in Traditional security issuance vs. blockchain-based tokenization, tokenization or tokenizing refers to

the issuance of asset-backed tokens (also referred to as Proof-of-Asset or PoA tokens) using blockchains. These PoA tokens are digital representations of real-world assets, are thus backed by them and derive their value from them. Asset-backed tokens can, of course, be traded digitally.

Moreover, the definition of an asset:

An asset is an economic resource (tangible or intangible) owned by somebody. The owner has the legal right to utilize it (e.g. to trade or sell it). The use of that economic resource is to produce economic value, mostly in the form of money. Examples include intellectual property, machines, land property, loans, debts, stocks, and bonds.

And tokenization is an important topic. For instance, TrustToken, a tokenization platform (i.e. a platform to create asset-backed tokens), raised $20 Million in their token-presale, among others by a16z and Bankex, similar platform, raised $67 Million in their ICO. Moreover, even big corporate banks such as Commerzbank are working on blockchain-based security issuance.

Read everything else Commerzbank is doing with Blockchains here!

This post presents blockchain startups working on tokenization.
It contains Digital Asset Managers such as the above-mentioned TrustToken who work only on tokenization but also cryptos from other industries and categories that offer tokenized assets such as real-estate investments.

This post is not exhaustive, especially in regards to asset-backed cryptocurrencies. Also, the presented funding data only contains finished ICOs. Please note also that many of the projects listed below have no working product yet.

Tabe of Contents

Real Estate

Companies in this category include Realisto, DomusCoin, and Bitproperty. They (or some third party selected by them) buy real estate property and issue so-called Proof-of-Asset (PoA) tokens that represent shares in these properties. However, none of them are yet “fully blockchain”. For instance, whereas for the most part, the tokenizing and trading happens on-chain (i.e. through smart contracts), some activities such as safeguarding fiat money takes place off-chain. Further, some middlemen such as brokers buying the assets are required and some projects have a centralization of power where the company itself determines the upgrade of new features or decides which property or brokers get listed. Nevertheless, tokenizing Real Estate still makes sense; the removal of some middlemen cuts fees and thus enables smaller investors to participate. Moreover, by circumventing current issuance infrastructure such as banks, they enable even more people – the unbanked – to invest in real estate. Also, counterparty risk is removed through quicker settlements and event-based payments (based on smart contracts), fractional ownership is possible and the digitally tradable PoA tokens make selling/buying far very efficient.

Blockchain companies tokenizing real estate
Blockchain companies tokenizing real estate

Companies tokenizing real estate

Name Description Fundings
(only ICO)
Realisto REALISTO is a decentralized, global platform dedicated to crowdfunding the world’s best real estate opportunities. Using blockchain technology, the REALISTO platform allows real estate experts to present unique projects, tokenize them, and offer them as curated investment opportunities. From rental properties to new developments, tokenized investments will be governed by an escrow-backed trust, providing security to high-yield investment projects. (Source: tokenmarket) $1.531.146
Bitproperty Bitproperty is a real estate tokenization platform on the Ethereum blockchain. With Bitproperty, anyone can create, buy, or sell rights to real estate revenue streams with a new kind of asset class. Through Bitproperty, investors get the advantages of high liquidity REIT structures without the disadvantages of REITs and direct equity ownership. (Source: tokenmarket)
DomusCoins DomusCoins: the first real estate cryptocurreny which value is guaranteed by real estate assets! Participate in the ICO starting on March 1st! (Source: https://www.domuscoins.com/) DomusCoins The Guaranteed Cryptocurrency at emission DomusCoins aims to bridge the gap between real estate investment and cryptocurrencies: buying DOCs you will be effectively storing your money in a cryptocurrency which will be backed by real estate assets around the world. (Source: https://www.icodata.io/ICO) $0
imbrex THE GLOBAL REAL ESTATE DATA MARKETPLACE
Imbrex syndicates real estate data into a globally accessible marketplace, where data is locally sourced, validated and secured via the Ethereum blockchain, smart contracts and cryptoeconomics. (Source: Website)
Brickblock * Brickblock is revolutionizing finance by allowing you to invest cryptocurrency in tokenized real-world assets. It is one of the few blockchain projects with a working product and will soon list the world’s first tokenized building. (Source: http://brickblock.io/) The future of stock trading on the blockchain. (Source: https://www.icodata.io/ICO) $4.997.151

*Real Estate is one part of their offering

Utilities

Companies from that space enable the trading of utilities through blockchains. One example is tokenizing energy (i.e. electricity) as done by WePower. Using WePower, energy producers issue tokens for the financing of new energy plants. Each token represents a certain amount of energy (e.g. 1000 MWh) and can either be redeemed or traded.

Companies tokenizing utilities

Name Description Fundings
(only ICO)
WePower Network WePower is a blockchain-based green energy trading platform where everyone can buy, trade or invest in tokenised green energy at scale. WePower token is backed green energy and grows in real value. Token accrues energy from renewable energy producers who have to donate part of the energy produced to the token holders. WPR token holders can use or sell donated green energy, which provides liquidity. WePower token model was clarified with the regulator and don’t fall under financial/securities law regulation. WePower already attracted the first clients with 1,650 MW capacity solar plants in Spain and Italy (WePower launch markets). (Source: tokenmarket)
water.bankex Water distrbution powered by BANKEX. Narok, Kenya (Source: Website)

Commodities

Commodities such as oil or gold can also be tokenized. Companies tokenizing commodities include ChainTrade (dedicated to commodities in general), DigixDAO (tokenizing gold), Orocrypt (tokenizing precious metals), or Smartlands.io for agricultural products such as cherries.

Companies tokenizing commodities

Name Description Fundings
(only ICO)
OneGram Cryptocurrency backed by gold asset. Each coin is backed by one gram of gold the way its floor price cannot be lower than the spot price of gold. It uses special blockchain technology. The transaction processes are very fast and each transaction is designed to increase the gold backing. (Source: https://onegram.org/) $0
Orocrypt Orocrypt is a Panamanian-based company that will issue tokenized precious metals. Tokens will be backed by securely stored and audited precious metals, convertible on demand, and easily tradable. Tokens are secured on the Ethereum blockchain and will be compatible with all Ethereum wallets. They can be bought or sold instantly and seamlessly. Orocrypt will launch gold-backed tokens, each representing 30 g of LBMA compliant bullion gold. In the future, we will expand to Silver, Platinum and bespoke tokens (Source: tokenmarket)
DigixDAO Digix tokenizes gold on Ethereum. We leverage the Distributed Ledger for its immutability, transparency and auditability by applying it to precious physical assets.Digix has created a range of technologies including The Proof of Provenance Protocol (POP) and Digix Gold Tokens (DGX) on Ethereum. (Source: Website) $5.500.000
ChainTrade ChainTrade is a decentralized trading platform to buy and sell tokenized commodities via Smart Contracts on a blockchain. (Source: https://chaintrade.net/) ChainTrade is the blockchain-based platform to trade food and raw materials. (Source: https://www.icodata.io/ICO) $0
Smartlands * Smartlands is a worldwide Platform for Cases of low-risk future-proof tokens issued by real economy companies. This should read: Tokenize your business easily by using digital assets with a ready, secure and proven solution. (Source: https://smartlands.io/) $0
GoldMint GoldMint is a blockchain-based platform that uses GOLD digital assets, which are 100% backed by physical gold or exchange-traded funds (ETF). This means that one GOLD costs the same as one ounce of gold on the LBMA exchange (Source: tokenmarket) $6.873.711

*Commodities are part of their offering

People

Whereas “tokenizing people” might sound weird, it is what projects from this space are doing. One example is TokenStars. TokenStars, a project similar to gofundme, is building a blockchain-based platform to finance the careers of aspiring celebrities, positioning themselves as an alternative to the prevalent sports agencies. Such PoA tokens are backed by the celebrities’ status and thus derive their value from the celebrities’ fame, performance or any other relevant metric.

Collectibles: Art and trading cards

Physical assets that have some collector’s value can be tokenized as well. For instance, art. PoA tokens from this category are backed by the artwork. The art is provided by collectors who own it. They issue PoA tokens that represent ownership of the piece. The ownership can be highly fractional and fees are lower than with traditional art investment. This allows investors of all sizes to invest and collectors get alternatives to existing art-secured financing models (who might be too expensive, have long terms etc.) One company working on blockchain-based investment in fine are is Maecenas.

Finally, an example of tokenizing trading cards is Ether Legends.

Companies tokenizing collectibles

Name Description Fundings
(only ICO)
Maecenas Maecenas will democratise access to fine art by creating a decentralised art gallery — a truly open platform where anyone can own a piece of a Picasso. They are building a global art blockchain market where assets are traded quickly and fairly on a liquid exchange (Source: tokenmarket) $15.660.106
Ether Legends The groundbreaking game platform that seamlessly enables physically released trading cards to be redeemed digitally, visualized, played, traded or sold as digital assets while providing a marketplace for the worldwide community. (Source: https://www.icodata.io/ICO) $0

As a side note, both, the tokenization of art and trading cards, is the opposite of purely blockchain-based collectibles (“cryptocollectibles“) such as CryptoKitties which have no physical representation.

Cryptocollectibles are one of many Cryptoeconomic Primitives and blockchain building blocks.

Read more about cryptocollectibles here.

Read more about Cryptoeconomic Primitives and blockchain building blocks here.

Media and Apps: Financing movies, Instagram accounts, Apps

Traditionally, individual investors cannot easily invest in individual movies (the prominent way is to invest indirectly by buying shares of the respective companies). Moreover, liquidity in the movie financing industry is limited as there is hardly a secondary market, friction is high and transparency low due to the number of involved stakeholders. Companies “tokenizing movies” try to solve these issues. In this context “tokenizing movies”, refers to crowdfunding the production of movies by giving individual investors fractional ownership. Among other things, this could enable a highly narrow distribution of royalties across all participants. Further, of the issued PoA tokens are used for all activities related to the production and distribution of the movie, transparency can be increased by allowing investors to exactly track the use of their investments. By the same principle TV Shows, Music or Books could be tokenized as well but one company working on movie tokenization is MovieCoin.

MEDIATOKEN is a similar company but instead of movies, it is for tokenizing Instagram accounts. Further, with Apptoken, apps can be tokenized. In the case of Apptoken, the underlying asset is app revenues of the financed app.

Companies tokenizing media and apps

Name Description Fundings
(only ICO)
MovieCoin A new age of transparent, fair and accurate financing for motion pictures and television. (Source: Website)
AppToken Easy financing.
Smart investment.
Marketplace for instant crowdfunding
of applications from App Store and Google Play (Source: Website)
MEDIATOKEN Get money for your Instagram promotion in 3 clicks!
Use blockchain technology to attract funding for your Instagram account and become famous!
Follow us on Instagram! (Source: Website)

Traditional financial assets

Of course, traditional financial assets such as equity, venture capital, debt, ETFs, or insurance products.
Smartlands.io enables the tokenization of equity, ETFs can be issued with Blackmoon, Blockchain Capital‘s BCAP token represents tokenized venture capital, Dharma is a protocol for tokenizing debt, and Commerzbank has issued a loan using R3‘s Corda.

Read everything else Commerzbank is doing with Blockchains here!

Companies tokenizing traditional financial assets

Name Description Fundings
(only ICO)
Blackmoon Crypto Blackmoon Crypto is a blockchain-based platform for tokenized investment vehicles. The Platform allows its users to create, promote, develop, and manage investment funds while covering all the aspects from technology and infrastructure, to legal compliance and corporate structuring. Blackmoon Crypto offers a vision for the standard for tokenized investment vehicles that will bridge the gap between the fiat and crypto universes. (Source: tokenmarket)
Smartlands * Smartlands is a worldwide Platform for Cases of low-risk future-proof tokens issued by real economy companies. This should read: Tokenize your business easily by using digital assets with a ready, secure and proven solution. (Source: https://smartlands.io/) $0
Dharma The open protocol for tokenized debt.
Dharma is a generic, permissionless protocol for issuing, underwriting, and administering debt instruments as cryptographic tokens.
(From: https://dharma.io/)
CoinLoan CoinLoan is an innovative lending platform where cryptoassets are used as collaterals. Any user can act as a lender or a borrower. (Source: tokenmarket) $3.199.365
Blockchain Capital Blockchain Capital is a venture capital firm investing in Blockchain enabled technology companies. Their initial fund was the VC Fund dedicated to the Bitcoin/Blockchain ecosystem, launched in the Fall of 2013. Based in San Francisco, Blockchain Capital invests in entrepreneurs who are fostering innovation in the Blockchain economy. (Source: tokenmarket)

*Traditional financial asset are part of their offering

Stablecoins

Similar to traditional financial assets, a range of cryptocurrencies exist which based their value on some other fiat or cryptocurrency. These so-called Stablecoins want to as closely pegged to their currency counterpart as possible.

Market map: Stablecoins. Overview of 19 cryptocurrencies working on coins with a stable price
Market map: Stablecoins. Overview of 19 cryptocurrencies working on coins with a stable price

Read more about Stablecoins here.

Stablecoins

Name Description Fundings
(only ICO)
Stable STABLE is a project aiming to reduce the volatility and inefficiencies existing in digital tokens markets and stabilize them, thus driving their wider acceptance. (Source: tokenmarket) $0
Vaultbank Vaultbank is offering asset backed security tokens, linked to Vaultbank's business lines that will include a secured asset fund, a debit card for cryptocurrency usability, and a cryptocurrency exchange (in… $0
Cubebucks CubeBucks is an innovative asset-backed cryptocurrency (Source: https://www.icodata.io/ICO) $0
Decentralized Capital Decentralized Capital is bridging the gap between the traditional and decentralized worlds by providing a stable, government-backed crypto asset for use in this emerging economy. (Source: https://www.decentralizedcapital.com/) $0
Haven Protocol Haven Protocol | XHV | Untraceable Cryptocurrency | Stable Value | Haven Coin Haven is an untraceable cryptocurrency that proposes a mix of standard market pricing and stable fiat value…
Carbon A price-stable cryptocurrency for next-generation paymentsPowered by Hedera Hashgraph. (Source: Website)
Stably A Transparent Reserve-Backed StablecoinFor Multiple Blockchain Protocols (Source: Website)
TrueUSD TrueUSD, a USD-backed stablecoin you can exchange and trust 100% collateralized by USD in legally protected escrow accounts, with multiple bank partners, so you can trade, send, and receive payments…
x8currency Ultimate crypto safe haven!Finally, Securing Value in Crypto is simple. X8X Token holders are granted a 0% fee for issuing X8Currency, a 100% fiat & gold backed Token. Token holders… $5.641.504
AAA stablecoin AAA coin is an asset-backed cryptocurrency – collateralised by cash, gilts and AAA-rated credit investments. (Source: Website)
Augmint Augmint offers digital tokens pegged to a fiat currency.The first Augmint token is A-Euro, pegged to Euro. Stored securely and decentralised stable crypto tokens are instantly transferable worldwide. (Source: Website)
NuShares World's Best Stable Digital Currencies (Source: https://nubits.com/nushares)
Steem Dollars SBD tokens are designed to be pegged closely to one USD, so that users who receive them canknow approximately how much they are worth in “real dollar” terms. SBD tokens…
MinexCoin Tame the volatilityCryptocurrencies as a whole still face an intriguing challenge: though some do well trading ‘coins and tokens’ speculatively, why is it that cryptocurrencies have been unsuccessful as a… $785.706
Maker MKR holders govern DaiMaker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token — the Dai — against the…
NuBits NuBits ? World's Best Stable Digital Currencies World's Best Stable Digital Currencies (Source: Website)
Tether Tether is a token backed by actual fiat currency assets, including USD, Euros and, soon, Japanese Yen. One Tether equals one underlying unit of the currency backing it, e.g., the…
basecoin A stable cryptocurrency with an algorithmic central bank* *Basis is not a bank or engaged in any banking activity (Source: Website)
DAI Dai is a decentralized digital currency with stable value; the next step in the evolution of money. (Source: http://www.makerdao.com/) $0
Fragments Fragments is an algorithmic reserve and monetary supply policy for creating low volatility Ethereum Standard tokens, and our mission is to produce a fair and stable money for the world.<br…

Miscellenous: Intellectual Property, vacation timeshares, and Blockchain platforms/protocols (Digital Asset Managers, Trading & investing platforms, Blockchain protocols, and similar…)

There are general platforms (Digital Asset Managers, Trading & investing platforms, Blockchain protocols, and similar)  such as TrustToken (Digital Asset Management), Bankex (protocol) or Zen Protocol (Trading & investing platform) that enable tokenization in general. Finally, other assets that can be tokenized are Intellectual Property or vacation timeshares.

Overview of Blockchain Blockchain platforms/protocols for tokenization in general

Name Description Industry Fundings
(only ICO)
Bankex Proof-of-Asset Protocol. (Source: https://www.icodata.io/ICO) Blockchain protocols $66.600.000
Jibrel Network Jibrel Network provides currencies, equities, commodities and other financial assets and money instruments as standard ERC-20 tokens on the Ethereum blockchain. In the medium to long-term, Jibrel will focus on tokenizing debt instruments and their derivatives- thereby streamlining large portions of retail investment and investment banking operations. They are the first protocol to allow anyone to put traditional assets like currencies, bonds, and other financial instruments on the blockchain in a form of Crypto Depository Receipts (CryDRs). Our CryDRs have smart regulation built in; real-world rules and regulations are translated into solidity code to ensure that while decentralized, tokenized financial assets always follow real world rules and regulations. (Source: tokenmarket) Blockchain-based financial platforms $30.000.000
Crypto Credit Card C3 is a multi-functional platform which allows each participant to keep money in a multi-currency online wallet, trade crypto and traditional assets, invest money, get a loan in a convenient currency. Also featuring an exclusive partner program. (Source: https://www.icodata.io/ICO) Blockchain-based financial platforms $0
Wanchain Wanchain aims to build a super financial market of digital assets. It is an infrastructure connecting different digital assets. (Source: https://wanchain.org/) Blockchain-based financial platforms $36.000.000
LATOKEN LATOKEN is a simple, fast and secure way to exchange crypto and tokenize assets (Source: Website) Blockchain-based financial platforms $20.000.000
CyberTrust CyberTrust acts as a traditional custodian bank for crypto assets. Their approach is based on proven technologies and methods used by large financial institutions for decades. It is a financial services company providing a traditional investment vehicle – Global Crypto Notes – which is titled and auditable. Institutional investors can use these to buy, sell and short cryptocurrencies, as well as create derivative products. CyberTrust provides sales & trading, research and asset management services for institutional investors. (Source: tokenmarket) Cryptocurrencies investment products
Brickblock Brickblock is revolutionizing finance by allowing you to invest cryptocurrency in tokenized real-world assets. It is one of the few blockchain projects with a working product and will soon list the world’s first tokenized building. (Source: http://brickblock.io/) The future of stock trading on the blockchain. (Source: https://www.icodata.io/ICO) Cryptocurrency trading platforms & data $4.997.151
BlockEx BlockEx Limited is a London based fintech company. We have launched the Digital Asset Exchange Platform (DAxP), a global marketplace for all asset classes and instruments using distributed ledger technology (DLT). (Source: https://www.icodata.io/ICO) Digital Asset Management $0
Lescovex LESCOVEX | DIGITAL ASSETS Platform for the creation and exchange of any digital asset. Tokenize it ! Commodities, Cryptocurrency Smart Contracts and Tokens. (Source: Website) Lescovex is a platform for the exchange and creation of digital assets. A tool that, through Ethereum’s smart contracts technology, simplifies the process of tokenizing any good or digital asset. At the same time, the platform offers an online market where all kinds of digital goods can be exchanged: Cryptocurrencies, Tokens and Commodities, offering the possibility of trading them with the main fiat currencies such as Euro or Dollar. The main goal of the platform is to simplify the process of creation of tokens and smart contracts to facilitate the adoption of this potential technology in the organization and business of SMEs. With the aim of creating the largest new generation exchange supported by a solid community, Lescovex will distribute its profits among the entire community that supports the exchange by acquiring the official token of the platform [LCX]. Therefore, investors who have LCX tokens will receive 50% of the commissions of all the trading volume generated in the exchange. (Source: https://tokenmarket.net/) Digital Asset Management
Omni Omni is a platform for creating and trading custom digital assets and currencies. It is a software layer built on top of the most popular, most audited, most secure blockchain — Bitcoin. Omni transactions are Bitcoin transactions that enable next-generation features on the Bitcoin Blockchain. Our reference implementation, Omni Core is an enhanced Bitcoin Core that provides all the features of Bitcoin as well as advanced Omni Layer features. (Source: Website) Digital Asset Management
Metaverse ETP Metaverse is an open-source public blockchain that aims to provide asset digitization and identity capabilities. Through Blockchain-as-a-Service (BaaS), we make convenient, secure digital finance services accessible to all Internet applications at virtually no cost. (Source: Website) Digital Asset Management
Bytom A digital asset layer protocol is the infrastructure of asset Internet. (Source: http://bytom.io/) Digital Asset Management
TrustToken TrustToken Platform Private Pre-Sale
TrustToken is a platform to create asset-backed tokens that you can easily buy and sell around the world. (Source: Website)
Digital Asset Management
DEW DEW is a global decentralized financial exchange. Our users can trade and hold more than 1,000 blockchain assets, stocks, futures, foreign exchange, ETF, and other varieties. Based on the blockchain technology, we are committed to create an ecosystem that helps users to price the global assets. (Source: https://www.dew.one/) Financial Exchanges & Data
Labrys Labrys is an Australian technology startup specialed in Distributed Ledger Technologies (DLT). We focus on improving the performance, versatility, and security of enterprise application (Source: https://labrys.io/) Bringing Bonds to Blockchain. Labrys are developing the technology needed to effectively issue bonds as tokenised assets directly on the blockchain. By utilising the latest technology available, inefficiencies in the issuance process are able to be eliminated, creating a much more efficient and cost effective bond ecosystem. (Source: https://www.icodata.io/ICO) FinTech $0
Swarm Fund Swarm Fund is a fully decentralized capital market place that democratizes investing by using the power of the blockchain to open up high-return, alternative investment classes to smaller investors through asset-backed funds using cryptocurrency tokens. It makes traditionally exclusive investment opportunities, such as private equity and hedge funds, inclusive for the Swarm by pooling together smaller investments into larger, institutional-sized blocks. Swarm Fund also gives fund managers access to more capital from a new asset class of investors who want access to institutional-type investments, but don’t have the high minimums many institutional funds require. Pilot investment vehicles on the Swarm Fund platform include a Distressed Real Estate Fund, a Solar Energy Fund, and a Crypto Hedge Fund. (Source: tokenmarket) Trading & investing platforms $5.338.919
Proof Suite Proof is automated mission control for blockchain-enabled markets. Proof is introducing a censorship-resistant desktop and web application leveraging the Assurance Market Protocol (AMP) for trading real-world and crypto assets via the Ethereum blockchain. Proof currently serves 10,000 users who rely on Proof to trade tokenized property, company shares and intellectual property on the blockchain. Proof token holders gain commissions from equity prediction market revenue and crypto-fiat (USD & Euro) purchases. Crypto-fiat is stored in smart contracts that are AMP-compliant to provide lower volatility to investors leveraging blockchain technology to invest in real-world assets in a trustless fashion. (Source: tokenmarket) Trading & investing platforms $4.720.726
Zen Protocol Zen is a decentralized financial platform, built from scratch with the goal of providing people with a secure, scalable and useful infrastructure for creating their own financial instruments, and trading them directly without intermediaries.The Zen blockchain is secured by multiple proof-of-work algorithms, with token-holder voting on the balance between them. Multi-hash mining creates robust incentives for miners to deliver efficient, reliable security.

Zen smart contracts are written and secured by a subset of the F* functional programming language, allowing users to:

A) Prove the amount of resources a contract will consume and provide the necessary fees for running the contract to miners, removing the need for a “gas” based system.

B) Prove their contracts meet a given specification, meaning they can prove the contract will definitely do (or not do) something given a specific set of parameters.

The Zen platform comes with a built-in solution for oracles, which provide contracts with useful real world data.

Finally, Zen is integrated with the Bitcoin blockchain, allowing contracts to observe and respond to native bitcoin transactions (Source: tokenmarket)

Trading & investing platforms $46.790.688
Smartlands Smartlands is a worldwide Platform for Cases of low-risk future-proof tokens issued by real economy companies. This should read: Tokenize your business easily by using digital assets with a ready, secure and proven solution. (Source: https://smartlands.io/) Digital Asset Management

 

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