tZERO Adds Stellar, XDC Network, and Algorand to Its Regulated Tokenization Stack

Source: CryptoNewsNet Original Title: tZERO Adds Stellar, XDC Network, and Algorand to Its Regulated Tokenization Stack Original Link: tZERO has added Stellar, the XDC network, and Algorand to its multi-chain tokenization infrastructure, giving the three networks access to its growing institutional client base.

Announcing the move on Tuesday, the company stated that it intends to add other networks in the near future. Currently, it supports Avalanche, Tezos, and Ethereum. It also recently partnered with Polymath, one of the most popular platforms for issuing regulated security token offerings. The new integrations give issuers more choice and add to asset flexibility in their ecosystem, tZERO stated.

Based in New York, tZERO offers a platform for issuing, managing, and trading tokenized securities. Users can tokenize real-world assets, such as equities, private securities, and funds, and trade them via its alternative trading system.

With Stellar, Algorand, and XDC now available on its platform, tZERO users have a broader array of choices for which network best fits their needs, regulatory requirements, and target investors. This freedom will be critical in attracting legacy financial players, who are the company’s main clientele, says CEO Alan Konevsky.

He added:

“Different assets require different technological foundations. By integrating multiple Layer-1 networks into our open ecosystem, we’re giving issuers and investors the freedom to choose the platform that aligns best with their goals – whether that’s for speed, cost, or a specific ecosystem – all within the regulated, end-to-end environment tZERO provides.”

The company’s chief security officer, Chris Russell, reiterated the company’s pledge to remain chain-agnostic and to integrate as many networks as possible, as its users have varying needs. He stated:

“An issuer of a high-volume traded security may prioritize the low gas fees and high throughput of a Layer-2 or a high-performance L1, while an issuer of a tokenized real estate fund might prefer the deep security and established liquidity of a legacy L1.”

tZERO’s Bet on Durability, Enterprise Adoption, and Speed

In its announcement, tZERO stated that it integrated Stellar because of its durability. The network has a 10-year track record of performance and has been a pioneer in integrating real-world financial services on-chain. It has been expanding its tokenization capabilities in recent years. One of its more prominent tokenization projects is with RedSwan, which issued $100 million worth of tokenized real estate on the network.

XDC and Algorand are newer to tokenization, but their enterprise-grade networks are rapidly attracting institutional players. tZERO concluded:

“By expanding its reach across leading blockchain networks, tZERO continues to advance its Tokenize + Trade + Connect mission – bringing compliant tokenization, regulated trading, and seamless settlement to institutions and investors worldwide.”

The three tokens have traded sideways in the past day, with XDC gaining 2% to trade at $0.04874 while Stellar’s XLM dipped 0.6% to trade at $0.2137.