Swiss companies will develop a new standard for tokenization on the Tezos blockchain

Three Swiss financial firms Crypto Finance Group, InCore Bank and Inacta have chosen the Tezos blockchain to create a new standard for asset tokenization and the development of new financial products.

The companies plan to provide access to tokenized assets that will be created on the refined Tezos FA2 standard. In addition, InCore will be the first Swiss bank to provide its clients with the opportunity to stake, trade and store XTZ cryptocurrency.

The standard is already being developed by Inacta and is called DAR-1. Incore and Crypto Finance Group plan to use this standard to launch new financial products. Crypto Finance Group Storage Infrastructure CEO Stijn Vander Straeten said:

“The collaboration between Crypto Finance Group, InCore Bank and Inacta shows how the FA2 standard on the Tezos blockchain expands the possibilities of tokenization. The launch of new regulatory-compliant products on the Tezos blockchain is making the financial sector more innovative. ”

At the beginning of August, the Granada update was successfully activated in the Tezos network, thanks to which the blocks began to be produced twice as fast, and the volume of gas for the operation of smart contracts decreased.

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