Ditobanx, a Salvadoran fintech specializing in bitcoin and digital assets, has announced plans to issue $300 million in tokenized assets from El Salvador in 2025. The company is partnering with Tokeny, a Luxembourg-based firm that provides blockchain-based financial solutions, to achieve this goal.
The two companies recently signed an agreement to issue and manage tokenized projects, as well as offer a trading platform for them, in compliance with the Digital Asset Issuance Law currently in effect in El Salvador. This initiative is expected to include 22 entities from Central America and beyond.
Tokenization is the process of transforming physical or financial assets into digital tokens, which can be safely and efficiently stored, transferred, and managed on a blockchain. This innovation allows companies to issue bonds, stocks, and property rights that can be traded on a global market, offering more accessible entry points for investors.
Guillermo Contreras, CEO of Ditobanx, emphasized that the partnership with Tokeny will simplify access to investments for a wider audience. «Launching tokenized assets is a complex process, but it is essential for the future of our industry. We believe in making this path easier for others by sharing what we have learned and providing access to proven solutions,» Contreras said.
Tokeny is providing Ditobanx with a blockchain operating system based on the ERC-3643 protocol, which enables the issuance, management, and transfer of tokens on the Ethereum blockchain. This collaboration will allow Ditobanx to market a range of financial projects tailored to the needs of its clients.
In addition to supporting Ditobanx, Tokeny has committed to assisting other digital asset service providers in El Salvador with implementing the protocol, as developing such platforms independently can be costly and time-consuming.
Luc Falempin, CEO of Tokeny, praised El Salvador’s proactive approach to digital assets, stating, «El Salvador has been a pioneer in the adoption and regulation of digital assets, demonstrating an active and visionary approach to innovation.»
Through this collaboration, Ditobanx and Tokeny aim to position El Salvador as a global leader in the emerging field of tokenization.
https://twitter.com/TokenySolutions/status/1876990218315641335