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Security Token Platform Tokeny Included in the ‘FinTech 50’
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Tokeny, a popular platform for tokenization, has made the list of this year’s FinTech 50. This means that the security token platform is considered one of the major movers in the EU marketplace this year.
In a testament to how much of an impact the security token industry is having, Tokeny has been acknowledged as being one of the top 50 market movers in the EU fintech scene.
FinTech 50 documents the top financial technology firms across Europe and is often considered a major achievement. Although not a reward, it effectively cements Tokeny’s place as a major player in this European sector. It also places the company on the map for others outside of the security token industry to take notice. This is the 7th consecutive year the FinTech 50 has been around.
What Tokeny does is essentially streamline the process of creating tokenized assets. Through its cloud-based platform, issuers can easily specify and customize their own tokens for launch.
In July, securities exchange Euronext invested some €5 Million in Tokeny for a 23.5% stake in the company. Ultimately, the company hopes to disrupt the entire financial world and is focusing on three key areas of the security token ecosystem: user-friendly UI, quality control checks, and proper distribution networks.
Overall, it seems that Tokenty has solidified its place as one of the leading fintech companies in Europe.
Will Tokeny form an important pillar of the security token industry a few years from now? Let us know your thoughts in the comments below.
Image courtesy of Tokeny.
Tim Fries
Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.
