Universal DeFi Announces Development of Tokenization Platform for Blockchain
Universal DeFi LLC, a subsidiary of Universal Safety Products Inc., is developing a tokenization platform to help issuers create and issue digital tokens on a blockchain. This platform will combine issuer onboarding with technology for creating and issuing tokens.
The company emphasizes that this platform is designed to support various asset types, including securities, commodities, and collectibles. However, the initial focus will be on real-world assets deemed easier to tokenize.
Universal DeFi will not provide brokerage, custody, fund administration, transfer agent, or trading venue services, although these services may change over time. The platform will secure control of each token using multi-party computation and third-party digital asset security technology.