Tokenbridge, a token distribution platform aimed at the wealth and fund management sector, has launched in the UK.
The launch follows a go-ahead from the FCA last week to develop fund tokenisation for the UK market. The company will use distributed ledger technology (DLT) to create what they hope to be a more efficient system of digital investment by “eliminating inherent inefficiencies and friction points by refining cumbersome operational processes”.
The platform will include automated business rules personalised for advisers, fund managers, and asset services, and will utilise Central Bank Digital Currency and Stablecoins, a type of digital asset. The platform is also blockchain agnostic, meaning it can work with a variety of blockchain networks.
Daron Pearce, executive chair of Tokenbridge, said: “Our ambition is to completely redefine the wealth and fund management industry,”
“By harnessing the unparalleled potential of distributed ledger and smart contract technologies, we’re not just streamlining fund management and distribution – we’re catapulting it into a new era. Tokenbridge is the key to unlocking a world where our clients can open doors to the next generation of investors, eager to engage with their financial future like never before.”
