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Tokinvest and Red Date Technology Announce Strategic Collaboration to Advance Tokenised Real-World Asset Trading

30 July 2024 | News, Partnership

Dubai, United Arab Emirates - 30 July 2024 - Tokinvest, a pioneering marketplace for real-world asset tokenisation, and Red Date Technology, the commercialisation arm and architect of the Blockchain Services Network (BSN), a public permissioned blockchain infrastructure, today announced a strategic partnership to bring significant quantities and value of tokenised real-world assets to market. 

This collaboration builds on many years of collaboration between Red Date Technology and the founders of Tokinvest.

Through this partnership, Tokinvest will integrate with BSN, enabling the issuance of tokenised assets onto the BSN networks. BSN allows the tokenisation of real-world assets without the need to use cryptocurrency to pay for blockchain network services which has been a barrier to adoption for certain enterprises. This characteristic of BSN also facilitates access to tokenisation services and tokenised investments to and from mainland China when legally allowed. 

The two organisations will work together on projects to promote the development of a virtual asset ecosystem, leveraging token offerings to enhance financial inclusion, transparency, and liquidity for investors. 

“We are thrilled to partner with Red Date Technology to explore our joint ambition of advancing the tokenised real-world asset ecosystem,” said Scott Thiel, CEO of Tokinvest. “By integrating our platform with BSN’s networks, we can issue tokenised assets more efficiently and transparently, promoting greater financial inclusion and liquidity for our investors both within and outside of China where legally allowed.”

Tim Bailey, Vice President of Global Business & Operations at Red Date Technology, added, “Our collaboration with Tokinvest marks a significant step forward in our mission to bring tokenised real-world assets to the BSN networks. We have worked closely with the founders of Tokinvest for many years, and we are excited to leverage this partnership to promote the development of a robust virtual asset ecosystem.”

About Red Date Technology

Red Date Technology is a Hong Kong-based company dedicated to building next-generation Public IT System infrastructures for Internet communications, digital economies, and digital payments.