So you’ve heard about TrustToken? Or probably this is your first time of hearing about it. You may then start to wonder what TrustToken is. Presently in the world, there are thousands of ICO that people make use of, but there are certain truths and facts that differentiate TrustToken from other ICOS.
What Are This Distinctive Qualities Of TrustToken (TRUEUSD)?
Why do you need to start using TrustToken? And how would your business benefit from using TrustToken? This article will be discussing this and will draw you closer to the world of TrustToken. Fasten your seat belt as I take you through the world of TrustToken.
What Is The Use Of TrustToken (TRUEUSD)?
TrustToken is a platform used for creating asset-backed tokens which can be sold and bought easily from anywhere around the world. Assets which include real estate, businesses, copyright, commodities like gold, oil etc. Listed above are some of the properties which you can tokenize.
What Does The Tokenization Of Properties Involve?
There are specific properties or assets, probably those listed above, that you may find very hard to trade primarily in the case of real estate. Tokenization will allow you to have fractional ownership or liquidity on those properties or assets.
As an entrepreneur or a creator, following the required regulatory procedures, you can easily offer equity crowdfunding for any of your projects to the global audience. And as an investor, financing opportunities is now opened for you both locally and globally.
What Is The Advantage Of Tokenization?
Tokenization of assets will make it possible for blockchains to control and transact business and properties worth trillions of dollars in assets. This will result in:
- Reshaping the crypto-currency economies.
- Building up the mainstream economies.
How can tokenization be done legitimately? Is the next question that may come to your mind at this stage. To do this, the establishment of ownership must be done, and this must be recognized by both the legal, financial authorities and Blockchain platform. Without doing this, it will become tough to redeem the asset tokens for a specific asset, as such, the token would have no value.
How Then Does TrustToken (TRUEUSD) Come Into Play?
The announcement of the TrustToken platform by the team is indeed the first that helps to secure transactions of real-world assets on Blockchain. This will be done in a legalized, audited and collateralized way.
Why Do We Need TrustToken (TRUEUSD) As A Bridge Between Blockchains And Real-World Asset?
As of present, blockchains enables global exchange of liquid digital assets. But still, they have the capacity to become a major platform that enables tokenizing, transacting and controlling real-world assets worth $256 trillion.
Several attempts are already on the way to tokenize real-world assets. In the past few years, several projects, 7 to be specific has undergone plans to tokenize real estate. For commodities like Gold, oil etc. 5 projects have been initiated to help this. But most of this projects have no legal backing collateral or audit trials.
Building a legal bridge backed between blockchains and asset is very hard, this is because it requires the development of legal entities, which will cut across tax law and cross-jurisdictional.
To solve this, we will need an auditable protocol for smart contracts to interface with (a) The fiduciaries that are managing these legal entities, (b) Cryptoeconomic system for trustworthy asset management. Hence the need for TrustToken come in.
TrustToken (TRUEUSD) A Tokenization You Can Trust
The TrustToken platform allows tokenization of assets. Their platform is legally backed, enforced audited and collateralized.
TrustToken makes use of a legal instrument or a special type of trust which is referred to as SmartTrust. This places the beneficial ownership and the total control of assets on a smart contract which is on a Blockchain.
Another advantage of Trust token is the fact that instead of allowing you to make use of a centralized asset manager, you are free to choose your fiduciaries from the global market of professional fiduciaries.
Every firm in the market is presently audited by financial regulators and has billions of dollar worth asset under their care. The TrustToken platform offers the following:
How Can You Make Use Of TrustToken (TRUEUSD) Platform?
The previous asset that is illiquid or previously inaccessible by Blockchain will now become accessible. The market will also discover classes of assets that benefit from tokenization in due time. They include:
- Real estate and rental properties.
- Access to local stock, bonds etc. internationally.
- Securing real estate transactions via smart contract.
Conclusively, TrustToken can be trusted, and accepted globally as a platform for tokenizing, transacting and controlling real-world asset on the Blockchain. Trust me; this is the business secret you’ve been searching for.
Image Credit: Bitcoin Magazine