• Mon, 26 Aug 2019, 09:16 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

R3 releases 'Token SDK' developer toolkit for business tokens on Corda

Image Credit: Corda Twitter

Wed, 17 Jul 2019, 06:16 am UTC

Enterprise blockchain technology firm R3 has launched “Token SDK,” a developer tool kit that allows businesses to roll out tokens on its Corda blockchain platform.

As per its blog post, the 1.0 version of its SDK will do for Corda what ERC20 did for Ethereum. It will provide business developers what they need to launch native tokens on the Corda platform.

Emerging digital asset exchanges and businesses looking to securitize real-world assets are already using the Token SDK to represent debt equity and cash instruments on Corda, as well as exploring the tokenization of other goods, commodities, and services,” R3 wrote in a document filing about the development kit.

The SDK offers a standardized way of defining, issuing, using and trading the tokens. It will provide financial institutions and application builders with a standard token library and a consistent developer experience to issue, list, exchange and settle digital assets on the Corda platform.

In addition, participating businesses can gain access to a system designed for enterprise security with settlement finality, strict privacy, and ability to utilize legal statements in smart contracts to fulfill agreements.

Financial transactions are done with near real-time settlement abilities and with guaranteed security. R3 claims that Corda can process up to 6,300 trades per second.

There’s little or no waiting in the blockchain world. That’s because blockchain enables direct and irrevocable transactions between counterparties,” R3 said.

R3 also said that a number of financial institutions including SIX Digital Exchange (SDX), IVNO, ValueOnChain, and Tradewind Markets, are already building tokens solutions on Corda.

The roll-out follows after reports have surfaced that R3 is reportedly considering to launch an initial public offering (IPO). By far, no final decisions have been made yet, but insiders said the company is in talks with advisers, and potential buyers are already expressing their interest.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,338.40 (+2.03%)
  • Ethereum (ETH) $190.31 (-0.13%)
  • XRP (XRP) $0.270700 (-0.74%)
  • Bitcoin Cash (BCH) $311.09 (+0.88%)
  • Litecoin (LTC) $73.91 (+0.57%)
  • Bitcoin (BTC) $10,338.40 (+2.03%)
Aug 26, 2019 (Monday)
08:49
US lawmaker’s concerns on Facebook's crypto remain unresolved even after meeting with Swiss regulators
08:13
Brave Browser expands token tipping service to Vimeo, Reddit users
08:05
Craig Wright again tries to prove authorship of Bitcoin white paper
04:09
Crypto startup Circle eyes $100M fundraise for its crowdfunding arm SeedInvest
04:05
BitPay, Blockchain.com team up to offer a new way of bitcoin spending
04:04
Binance offers lifetime VIP membership to hack victims, blames KYC vendor for image leaks
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft