Platonic reimagines tokenisation with a focus on security and data protection  The Block – Crypto News – Crypto News
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Platonic reimagines tokenisation with a focus on security and data protection  The Block Platonic reimagines tokenisation with a focus on security and data protection  The Block

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Platonic reimagines tokenisation with a focus on security and data protection  The Block – Crypto News

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1 year ago

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Platonic, a blockchain infrastructure technology company, has launched its decentralised tokenisation platform.

Developed to empower financial institutions, Platonic’s platform enables the tokenisation of a wide range of assets with unprecedented levels of data privacy and security. The company is positioned to be a driving force in the technological evolution of the financial services industry.

Platonic claims to be reinventing tokenisation in capital markets. Its patented Layer 1 blockchain prioritises security and client data protection. Having facilitated hundreds of billions in transactions already through active pilot programs, Platonic’s technology enables limitless, secure tokenisation for financial institutions. 

Violet Abtahi, founder and CEO of Platonic, said: “Our vision is to disrupt tokenisation with a fresh take on how issuers and investors interact using advanced technology to build a decentralised network.

“Regardless of the role in the asset lifecycle, our technology will connect customers and partners, automate workflows, and reach new markets, while maintaining complete confidentiality and control of proprietary information.”

Platonic’s platform stands out in its ability to leverage a permissioned private network, ensuring that data privacy and ownership rights are strictly controlled by issuers. This addresses major security concerns in the tokenisation process, making it a trusted solution for financial institutions. The technology seamlessly integrates into both legacy and digital financial infrastructures, allowing institutions to maintain business continuity while leveraging the benefits of blockchain technology. Additionally, Platonic’s AI-linked smart contracts enhance automation and operational efficiency and enable financial institutions to realise cost savings immediately. The platform connects to public blockchains to facilitate broader market access, liquidity, and distribution.

Platonic’s approach to tokenisation serves as the connective tissue needed to facilitate collaboration, engagement, and accelerated adoption in the digital asset space. By building a vendor and broker-agnostic decentralised network that prioritises security and data protection, Platonic is poised to transform the future of finance. 

Abtahi added: “As the financial industry is moving beyond blockchain experimentation to implementing market-ready solutions, Platonic is committed to serving as the catalyst for advancements in digital assets, driving innovation in capital markets.”

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Tags: data protection, Platonic, security, tokenisation

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