Exploring the Emerging

Token Economy
Unlocking the potential of tokenized real-world assets

© 2024 Hedera Hashgraph, LLC

TABLE OF CONTENTS

01. High Level Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

02. Current State of Asset Tokenization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

03. Traditional Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

04. Traditional Finance: Case Study . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

05. Carbon Market . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

06. Carbon Market: Case Study . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

07. Digital Currencies / Cross-Border Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

08. Digital Currencies / Cross-Border Payments: Case Study . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

09. Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

10. Real Estate: Case Study . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

11. Commodities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

12. Commodities: Case Study . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

13. Benefits of Tokenization on Hedera . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

© 2024 Hedera Hashgraph, LLC 2

High Level
Statement
The creation and subsequent proliferation of distributed ledger
technologies as we know them today, spurred by the creation of Bitcoin,
did more than introduce the world to cryptocurrencies. As is being
increasingly explored at every level of the emerging digital economy, the
underlying infrastructure holds enormous potential to fundamentally
revolutionize how institutions, enterprises, and individuals interact
with one another - enabling new functionalities to disrupt traditional
markets on a global scale across industries.

A critical topic ever-increasing both in interest and practical application

is that of real-world asset tokenization: the digitization of physical or
traditional assets represented on decentralized infrastructure such
as blockchain or similar forms of distributed ledger technology (DLT).
The benefits of tokenization are numerous and varied, and are why
key players in traditional finance, real estate, payments, and more
are experimenting with and implementing this new and powerful
functionality. As web3 continues on its journey to becoming a core pillar
of our future economy, asset tokenization introduces unprecedented
opportunities - unlocking the true value of real-world assets through
the utilization of DLT.

© 2024 Hedera Hashgraph, LLC 3

Current State of
Asset Tokenization
Tokenization is currently revolutionizing global investment. This critical functionality - enabled by DLTs
such as blockchain or hashgraph - has the potential to significantly streamline investment processes in
both obvious and yet undiscovered ways. Whether it’s a piece of real estate, a bond, a currency, or even
a luxury good, tokenization provides enormous potential to unlock unprecedented value through improved
accessibility, increased liquidity, and operational efficiency.

The total current market size for tokenized real-world assets

today is difficult to assess accurately due to a combination of
Projected Global Value of
information asymmetry and lack of robust definition but is almost Tokenized Assets by 2030
universally expected to grow exponentially over the next several
years. Conservative estimates project the value of tokenized
$16T
real-world assets to reach more than $4 trillion by the year 2030
1
, while more “optimistic” estimates predict a value of over $16 $10T
trillion by the same year 2. This growth is fueled by the increasing
institutional adoption of DLT, the growing demand for fractional $5T

ownership, and the need for more efficient and transparent

asset trading. As DLT-enabled tokenization initiatives continue
to be led by major institutions, the private banking, asset management, real estate, and environmental
finance sectors are emerging as key distribution channels for tokenized assets.

Tokenization transcends mere convenience and accessibility, serving as a catalyst for the seamless
exchange of assets and enhancing liquidity in markets such as real estate that typically lack it. By
fractionalizing assets into smaller, more manageable units, a broader spectrum of investors can partake
in ownership, improving market liquidity. The integration of decentralized infrastructure streamlines
transactions, lowers costs, and diminishes the need for intermediaries, paving the way for a more
economical financial framework. Looking to the future, the intersection of tokenization, investment
opportunities, and payments will continue to be increasingly explored by institutions and enterprises,
holding monumental potential to fundamentally redefine investment and financial interactions.

1
https://www citigroup com/global/insights/citigps/money-tokens-and-games
2
https://www bcg com/publications/2022/relevance-of-on-chain-asset-tokenization

© 2024 Hedera Hashgraph, LLC 4

Traditional
Finance
The traditional finance (TradFi) market as it stands today suffers from a broad range of systemic operational
inefficiencies. These include but are not limited to slow settlement times, limited access to investment
opportunities, and a lack of market transparency, leading to unnecessary costs, asymmetric information,
and untapped market potential. For institutions and enterprises, there is a growing trend of exploring how
blockchain and other DLTs can address these aforementioned inefficiencies and transform the market as
we know it today, with asset tokenization being at the heart of this revolutionary shift.

Tokenizationenablescost-effective,real-timetransaction
Asset Transfer Process Comparison settlement of digital assets, which can take days with
traditional assets due to the inherent inefficiencies
Traditional Process Tokenized Process associated with multi-party interdependencies. What
Sender Sender normally takes 1-3 days3 can now be accomplished
in minutes, if not seconds (depending on the type of
Bank / Broker
decentralized infrastructure used) unlocking massive,
Clearing House Blockchain/DLT
untapped levels of liquidity that would otherwise be
locked up in legacy processes while intermediaries slowly
Recipient Recipient reach consensus on the transfer of value.
Settlement Time: Settlement Time:
1 - 3 days Minutes/seconds As an example of the benefit this brings to investors
and funds, we can look at money market fund dividends

intended to be immediately reinvested for optimal compounding. It is common for positions in money market
funds to compound daily - maximizing returns whenever dividends are calculated and distributed. Since
dividends regularly take multiple days to settle with the investor, any days spent processing the transaction
is - for the investor - money lost on the interest that would have accrued had the dividend been paid out
immediately and - for the fund - liquidity that could have been used to improve the fund’s position.

Furthermore, tokenization enables the democratization of access to traditionally gated investment

opportunities such as high-value bonds with high minimum investment requirements through
“fractionalization”: the practice of breaking-up an asset into smaller pieces that represent a portion of the
collective asset. By breaking down these assets into more affordable units, fractionalization allows investors
to purchase just a fraction of a bond and receive proportional returns from it. This not only lowers the
barrier to entry allowing a wider range of investors to participate, but also greatly enhances liquidity through
secondary markets and lower transaction costs compared to traditional trading methods.

3
https://www.investopedia.com/ask/answers/what-do-t1-t2-and-t3-mean/

© 2024 Hedera Hashgraph, LLC 5

Traditional
Finance
CASE STUDY

As is to be expected given the still relatively nascent concept of tokenization, the vast majority of the fund
industry is still subject to the inherent inefficiencies of legacy financial systems. Typically, money market
funds - like all mutual funds - have relatively slow payout and settlement times, resulting in untapped liquidity
and suboptimal returns.

Standing at the forefront of demonstrating the potential for tokenization to revolutionize fund management
is leading UK-based fund management firm, abrdn, and digital asset solutions provider, Archax. In
collaboration with abrdn, Archax has begun to offer tokenized investments in abrdn’s £multi-billion money
market fund4, with interests tokenized by and secured on the Hedera network using the native Hedera Token
Service.

By tokenizing both investments and interest paid out to investors, abrdn is able to offer immediate and
automatic reinvestment for its customers and reduce liquidity fragmentation. Investors no longer have to
endure the typical waiting period for transactions to clear. Instead, they can see their transactions settled
instantly, which is particularly beneficial in a fast-paced financial environment where timing can significantly
impact investment outcomes - especially regarding funds that provide options for daily compounding.

abrdn and Archax are not only simplifying the investment process and reducing unnecessary operational
overhead but also enhancing the potential for investors to realize greater returns on their investments. As
institutions grow to realize the enormous benefits for both customers and providers that abrdn has already
begun to reap, tokenization will cease to exist on the fringe and cement its place as a core pillar of modern
finance.

4
https://blog.archax.com/resources/news/archax_tokenises_investment_in_abrdn_multi_bn_money_market_fund

“By partnering with Hedera, we can make previously restricted asset classes
accessible to a wider range of investors. This aligns perfectly with our commitment
to financial inclusion and creating a more equitable investment landscape.”
Duncan Moir | Senior Investment Manager, abrdn

© 2024 Hedera Hashgraph, LLC 6

Carbon
Market
The carbon market, an essential component to reducing greenhouse gas emissions, is currently experiencing
significant growth. The World Bank reported in 2023 that revenues from carbon taxes and Emissions Trading
Systems (ETS) reached about $95 billion for the year5, covering almost a quarter of global emissions. However,
the market faces challenges such as information asymmetry, inefficiencies, and lack of transparency, which
can hinder its effectiveness and scalability.

Tokenization of Environmental, Social, and Governance (ESG) assets, including carbon credits, offers a
solution to many of the market’s current inefficiencies. By converting these assets into digital tokens,
tokenization provides increased liquidity, auditable transparency, and improved accessibility to the still
emerging industry.

The value of the carbon offset market is substantial and

expected to increase dramatically. In 2020, the voluntary
carbon market was valued at $2 billion according to Boston
Consulting Group and is projected to grow to between $10 Total Addressable Market
billion and $40 billion by 20306. Long-term forecasts are of ESG Use Cases
even more optimistic, with Morgan Stanley estimating that
the market could be worth up to $250 billion by 20507 as
demand for instruments of carbon reduction increases. $800B - $1.6T
Source:
However, tokenization will undoubtedly be heavily utilized PwC, ‘Carbon Credit Tokenization: Pioneering
a Sustainable Future, April 2024
to fully realize the potential of this growing market due
to the high programmability, auditable transparency, and
standardized discoverability that digital assets have the
potential to provide.

5
https://www.worldbank.org/en/news/press-release/2023/05/23/record-high-revenues-from-global-carbon-pricing-near-100-billion
6
https://www.bcg.com/publications/2023/why-the-voluntary-carbon-market-is-thriving
7
https://www.morganstanley.com/ideas/carbon-offset-market-growth

© 2024 Hedera Hashgraph, LLC 7

Carbon
Market
CASE STUDY

As governments, institutions, and enterprises drive towards net-zero goals, effective and trusted methods
of decarbonization are increasingly sought after and valued for a greener tomorrow. In an effort to advance
decarbonization practices and provide accurate, granular emissions data, Hyundai Motor and Kia have
developed the Supplier CO2 Emission Monitoring Systems (SCEMS)8 - built on the Hedera network - for
their supply chains.

Integrated with the highly scalable Hedera Consensus Service, SCEMS is designed to compute accurate,
auditable, and verifiable carbon emissions data for stakeholders connected to Hyundai and Kia’s supply
chain. This new system enables real-time traceability and management of carbon emissions data - offering
unprecedented visibility and information for stakeholders to meet net-zero emission targets and comply
with fast emerging environmental regulations.

The Hedera network - as the distributed ledger technology with the lowest carbon footprint in the market9
- proved to be the ideal infrastructure for Hyundai Motor and Kia to base the foundation of their blockchain-
based carbon emissions monitoring system on. From the inception of Hedera, sustainability has consistently
been a core part of the network’s mission; this collaboration between Hyundai/Kia and Hedera shows deep
alignment in values both in execution and in vision.

With the implementation of this revolutionary new system and in partnership with Hedera, Hyundai and Kia
are setting new standards for environmental accountability. The future of decarbonization looks promising,
with solutions like SCEMS leading the charge towards a more sustainable world.

8
https://www.hyundai.com/worldwide/en/newsroom/detail/hyundai-motor-and-kia-to-introduce-blockchain-
based-carbon-emission-monitoring-system-to-foster-a-sustainable-value-chain-0000000280
9
http://blockchain.cs.ucl.ac.uk/blockchain-energy-consumption/

“We stand proudly at the forefront of this transformative journey, collaborating

with our partners to shape a greener and brighter future for all.”

Seung Hyun Hong | Head of Materials Research and Engineering Center,

Hyundai Motor and Kia

© 2024 Hedera Hashgraph, LLC 8

Digital Currencies /
Cross-Border Payments
The current landscape of global finance is a complex web of intermediaries, inefficiencies, and legacy systems.
Traditional cross-border payments are often slow and expensive, foreign exchange transactions are subject
to fluctuating rates and high fees, creating uncertainty and risk, and the fragmented nature of currencies
has resulted in an environment lacking in standardization and interoperability.

DLTs and the tokenization capabilities they enable have the potential
Projected Value of to revolutionize this landscape. By providing a decentralized,
Remittances 2024 transparent, and secure method of recording transactions, these

$883B USD
technologies can eliminate many of the inefficiencies inherent in
the current system. For instance, stablecoins such as USD Coin
can enable faster, cheaper, and more transparent cross-border
Source:
World Bank Group and KNOMAD, payments by removing the need for intermediaries. Similarly, DLT
‘Migration and Development Brief 40,
June 2024
can provide a more stable and efficient method of conducting
foreign exchange transactions, reducing risks and uncertainties.

These technologies have the potential to fundamentally reshape

the way we conduct international transactions, creating a Average Remittance
more inclusive, efficient, and secure global financial system. By Fees 2024

6.35%
democratizing access to financial services, DLT and blockchain
could empower individuals and businesses around the world,
fostering economic growth and financial inclusion. While challenges
Source:
remain, the potential for DLT to transform cross-border payments World Bank, ‘Remittance Prices
Worldwide, March 2024
and foreign exchange is immense.

© 2024 Hedera Hashgraph, LLC 9

Digital Currencies /
Cross-Border Payments
CASE STUDY

The international money transfer industry is fraught with challenges - high transaction fees, slow processing
times, and a lack of transparency. These issues are particularly pronounced for migrant workers and their
families, who often rely on these remittances for their livelihoods.

Shinhan Bank - the oldest financial institution in South Korea - in collaboration with SCB TechX and Cathay
Bank recently completed a proof-of-concept stablecoin remittance pilot 10 on the Hedera network - achieving
real-time settlement and real-time foreign exchange rate integration across tokenized representations of
the Thai Baht (THB), New Taiwan dollar (NTD), and South Korean won (KRW).

The pilot’s success is a testament to the transformative potential of tokenized assets, demonstrating
that it is possible to conduct cross-border transactions that are not only faster and cheaper but also more
transparent than traditional methods.

By harnessing the power of tokenization in the form of stablecoins, Shinhan Bank, SCB TechX, and Cathay
Bank have shown that it is possible to overcome the limitations of the current paradigm and pave the way
for a more efficient, transparent, and equitable financial system.

10
https://hedera.com/blog/shinhan-bank-scb-techx-successfully-pilot-stablecoin-remittances-on-the-hedera-network

We are pleased to have partnered with Hedera to explore the potential of

stablecoins as a means of facilitating cross-border remittances… The successful
completion of this second PoC marks an important step forward in our efforts
to make cross-border payments faster, cheaper, and more accessible to people
around the world.
Byunghee Kim | Chief of Blockchain, Shinhan Bank

© 2024 Hedera Hashgraph, LLC 10

Real
Estate
Real estate is one example of a traditionally illiquid asset, the market of which is set to be greatly disrupted
with the introduction of tokenization. While the market for commercial and residential real estate turns
over trillions of dollars every year regardless of macroeconomic conditions, the relatively high capital
requirements for those looking to purchase and/or invest in such assets make the market largely prohibitive
to the majority of prospective participants. This affects not only buyers but sellers as well, where a lack of
adequate liquidity restricts both the number of people available to purchase and, consequently, reduces the
collective capital available to potentially be used for buying or investment on any given property.

Through tokenization, the traditionally illiquid nature of real estate can now be challenged to bring improved
liquidity, effective price discovery, and increased accessibility to the market. A key functionality enabled
by tokenization is fractionalization. This relatively new concept of “fractional ownership” enabled through
tokenization brings unprecedented benefits to an increasingly inaccessible real estate market, reducing
capital-intensive barriers to entry for buyers and increasing the number of potential buyers for sellers.

Traditional Model Fractionalized Model

$400k $100k
$1M
$250k
$250k

100% 40% 25% 25% 10%

© 2024 Hedera Hashgraph, LLC 11

Real
Estate
For example, imagine a scenario with a property on the market for $100,000. The seller is looking for someone
with either $100,000 to spend or enough capital to secure a mortgage through which he will then be in debt
and required to make payments towards. Both options are restrictive in their own ways: the former requires
capital that a vast majority will not have or be willing to spend, and the latter involves taking on long-term debt
(in addition to any down payment which in itself may be unfeasible). The inherently high capital requirements
of the real estate market means that sellers are unable to tap into the true potential of the collective market
and potential investors or buyers are restricted from participating due to a lack of sufficient capital.

of institutional investors see increased liquidity

as the top driver to invest in tokenized assets.

EY-Parthenon, ‘Institutional Investor Tokenization Survey, May 2023

Now let’s introduce tokenization into the equation. The seller tokenizes the property, enables fractional
ownership, and lists it on the open market. Whereas before, the pool of prospective investors was made up
of those able to pay $100,000, through tokenization, that pool now includes those willing to pay just $50,000
for a 50% share of the property, those willing to pay $10,000 for a 10% share of the property, those willing
to pay $1,000 for a 1% share of the property, and so on. Sellers can market their property to a wider base of
potential buyers, and buyers are no longer restricted due to a lack of capital. In this way, a traditionally and
relatively illiquid real estate asset becomes highly liquid with minimal friction in buying and selling.

© 2024 Hedera Hashgraph, LLC 12

Real
Estate
CASE STUDY

In the rapidly evolving world of commercial real estate, RedSwan CRE is making waves by leveraging
distributed ledger technology.

Recognizing the potential of DLT, RedSwan has launched its token studio on the Hedera network for asset
tokenization11. This innovative approach allows for the tokenization and fractionalization of real estate,
leading to increased liquidity, improved price discovery, and reduced operational fees. By fractionalizing
assets on the platform, RedSwan is democratizing access to real estate investment opportunities.

Utilizing the native Hedera Token Service and Hedera’s Asset Tokenization Studio, RedSwan can tokenize
institutional-grade real estate efficiently and securely with a combination of speed, sustainability, security,
and low fixed fees. Network-native KYC and AML functionalities mean that RedSwan can both issue their
tokens as securities and adjust their product offering in line with regulatory bodies, with protocol-enforced
royalties to ensure equitability throughout asset lifecycles.

With $5B in tokenized assets and an expectation of growing to $25B in the next year, RedSwan is not just
disrupting the commercial real estate market but also shaping its future - broadening opportunities for
investors and introducing unprecedented liquidity to traditionally illiquid assets.

11
https://www.hbarfoundation.org/blog-post/redswan-cre-builds-its-token-studio-on-hedera-for-real-world-asset-tokenization

“The Hedera network is the backbone of our platform. Its speed, security, and
global reach allow us to provide a truly accessible and efficient marketplace for
tokenized real estate investments worldwide.”

Ed Nwokedi | Founder & CEO, RedSwan CRE

© 2024 Hedera Hashgraph, LLC 13

Commodities
The commodity market is characterized by volatility and complexity, and is not immune to the structural
inefficiencies. One of the main issues commonly referenced with discussing the commodity market is the
lack of transparency, resulting in market opacity, fragmentation of reporting, and insufficient data 12.

Tokenization can significantly mitigate the inefficiencies

of information asymmetry and lack of transparency in
commodity markets. By representing commodities as
tokens, each transaction is immutably and transparently
recorded, providing an auditable chronological record of
ownership and trades. This transparency helps reduce
the opacity that often leads to market inefficiencies, Both institutional and HNW
as all market participants have access to the same investors are most motivated to
information regarding the supply, demand, and invest in tokenized products due
provenance of commodities. to the following benefits:
1. Increased liquidity
Furthermore, tokenization can enable more granular 2. Lower transaction costs
data to be collected at each step of a given commodity’s 3. Improved performance/returns
lifecycle. DLT allows for the integration of real-time 4. Increased transparency
data from various sources, such as IoT sensors and
supply chain updates, which can be attached to the EY-Parthenon, ‘Driving Meaningful Opportunity:
Tokenization in Asset Management
tokenized asset, resulting in a richer dataset that is
readily available to all market participants for enhanced
decision-making processes and more accurate price
discovery.

The increased data availability and improved market intelligence can lead to more efficient and fair markets,
ultimately benefiting all stakeholders involved.

12
https://www.hbarfoundation.org/blog-post/redswan-cre-builds-its-token-studio-on-hedera-for-real-world-asset-tokenization

© 2024 Hedera Hashgraph, LLC 14

Commodities
CASE STUDY

Diamonds have long been considered symbols of wealth and exclusivity for the elite, but as investment vehicles
they have lagged due to information asymmetry and inadequate market liquidity. However, the advent of
diamond tokenization by Diamond Standard is disrupting this status quo, democratizing access to diamond
investments for a broader audience using distributed ledger technology and introducing unprecedented
liquidity to the market.

Diamond Standard’s suite of asset-backed tokenized diamond investments - Carats, Coins, and Bars
respectively in ascending value - is a pioneering step in this direction. By leveraging the Hedera network and
the native Hedera Token Service, Diamond Standard has created a secure digital alternative to traditional
commodity investing, making diamond investment accessible to anyone with as little as $100.

Investors are constantly seeking ways to diversify their portfolios and hedge against market volatility
and inflation. Diamond Standard’s tokenized diamond solution provides a digital asset that combines the
security of physical commodities with the increased liquidity and accessibility enabled by distributed ledger
technology.

By tokenizing diamonds, Diamond Standard is not only creating a new asset class but also ensuring that this
asset class is inclusive, secure, and poised for the future. It’s a revolutionary step forward, one that could
pave the way for the democratization of various other traditionally exclusive investment assets.

“We chose to build on Hedera because its speed, security, and transparency were
essential to our vision of democratizing access to diamonds as an asset class.
Hedera’s enterprise-grade distributed ledger technology will enable Diamond
Standard to offer investors unprecedented transparency and liquidity.”

Rajiv Sohal | CTO, Diamond Standard

© 2024 Hedera Hashgraph, LLC 15

Benefits of Tokenization
On Hedera
ENHANCED SECURITY AND FAIRNESS

The Hedera network’s hashgraph consensus algorithm provides improved security and fairness in
transaction ordering 13 compared to traditional blockchain solutions. Its consensus mechanism ensures that
transactions are finalized in the order they are received, reducing the potential for fraud and manipulation,
which is vital for maintaining trust when trading any asset.

STRONG GOVERNANCE MODEL

Hedera is governed by a council of diverse, reputable, world-leading organizations across a broad range of
industries, ensuring a stable and reliable network governance model 14. This governance structure provides
a level of trust and stability that is appealing to institutions, enterprises, and investors looking for a reliable
platform to tokenize assets.

UNMATCHED CARBON EFFICIENCY

Hedera is designed to be an energy-efficient network that addresses the environmental concerns associated
with blockchain technology. For businesses and investors increasingly concerned about sustainability,
Hedera’s low energy consumption for processing transactions is a significant advantage.

COMPLIANCE AND REGULATORY FEATURES

The Hedera Token Service provides native and programmable whitelisting capabilities designed to ensure
compliance with various regulatory frameworks 15 - a critical factor for tokenized registered assets trading.
These features enable the enforcement of Know-Your-Customer (KYC) and Anti-Money Laundering (AML)
regulations by allowing token issuers to control who can buy, sell, or hold their tokens. This is particularly
important in the real estate sector, where regulatory compliance is stringent.

13
https://hedera.com/blog/fair-timestamping-and-fair-ordering-of-transactions
14
https://hedera.com/council
15
https://hedera.com/blog/get-started-with-the-hedera-token-service-part-2-kyc-update-and-scheduled-transactions

© 2024 Hedera Hashgraph, LLC 16

Benefits of Tokenization
On Hedera
CUSTOMIZABLE COMPLIANCE RULES

Hedera allows for the customization of compliance rules according to specified requirements. Token issuers
can set up their whitelisting criteria based on various factors, such as geographical location, investor
accreditation status, or transaction limits. This flexibility ensures that tokenization projects can be tailored
to meet different jurisdictions’ specific legal and regulatory requirements.

Asset Tokenization
Studio on Hedera
Asset Tokenization Studio is an open
source toolkit for the configuration,
issuance, and management of tokenized
securities and equities on the Hedera
network–all in less time and with less risk.

Jumpstart testing and development

Learn More
with a production-grade SDK or WebUI.

© 2024 Hedera Hashgraph, LLC 17

© 2024 Hedera Hashgraph, LLC