Ethereum

Token

World

The goal of the strategic relationship between INTMAX Stateless Ethereum Layer 2 and Plat’Home Co., Ltd., a trailblazing enterprise in the Linux and Internet of Things (IoT) space, is to commercialize a general-purpose token protocol for Real World Assets (RWA), which includes the “Internet of Things.”
In order to tokenize Real World Assets (RWA), such as the Internet of Things (IoT), a new blockchain application field that is quickly gaining traction in society, INTMAX and Plat’Home have partnered. This alliance combines the “ThingsToken TM” technology from Plat’Home, which tokenizes a variety of physical assets (RWA), with “Plasma Free,” a new Layer 2 ecosystem project from INTMAX that greatly improves Ethereum (L1) scalability and privacy. Through this partnership, the scope of RWA will be significantly expanded to encompass non-financial assets like Things and other types of physical assets, in addition to financial assets.
On the Ethereum ecosystem’s Plasma environment, INTMAX and Plat’Home will build a platform that tokenizes different Things and IoT&nbsp;devices. Through this collaboration, blockchain financial&nbsp;technology will integrate&nbsp;billions of OT (Operational Technology) and IT (Information Technology) to enable the management of all real-world assets (RWA) from the Web3 ecosystem.
RWA Market Size: McKinsey projects that by 2030, the market for tokenized real-world assets (RWA) would reach 320 trillion yen.
About ThingsToken<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;">:&nbsp;&nbsp;ThingsToken<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;"> is a kind of non-fungible token that is used to virtualize tangible assets on the blockchain. The proof-of-concept project, which included Hitachi Solutions, Mitsui Sumitomo Insurance, Mitsubishi Warehouse, and NGK Insulators, was authorized by the Japanese Ministry of Agriculture, Forestry, and Fisheries in 2023. Using ThingsToken<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;">, the project verified the traceability and identity of export items by each item in the supply chain network.
Tomoyasu Suzuki, Plat’Home:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The combination of INTMAX’s stateless L2 technology and our ThingsToken will revolutionize RWA by including non-financial assets such as Things and devices.”
</blockquote>
Leona Hioki, INTMAX:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Our stateless mechanism, offering scalability with virtually no user limit, can effectively tokenize a large number of devices, pushing the RWA domain to include physical Things.”
</blockquote>

INTMAX and Plat’Home Collaborate to Commercialize General-purpose Token Protocol for RWA

TheNewsCrypto

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