CANVAS and Bitbond form Strategic Alliance to Streamline Confidential and Regulatory Compliant Asset Tokenization
August 9th 2023
In Summary:
- CANVAS and Bitbond have formed a strategic alliance to provide privacy and confidentiality to tokenized assets which is essential for financial transactions.
- The partnership leverages the benefits of Canvas Connect's zk-rollup Layer 2 Blockchain, which offers high scalability, low transaction fees, and confidentiality.
- Bitbond provides its bank-grade tokenization and digital asset technology for various asset classes such as securities, real estate, art, and various financial products.
- This solution is targeted to meet the needs of the finance industry by providing an efficient and confidential platform to adopt blockchain technology while adhering to regulatory and compliance requirements.
CANVAS, the creator of the industry leading privacy focused Layer 2 Blockchain network and Bitbond, a pioneer in tokenization and digital asset management, today announced that they have formed a strategic alliance to make tokenization of assets confidential, more accessible and efficient for financial institutions, governments and corporates.
This partnership will enable financial institutions, governments and corporates to easily and quickly tokenize a range of assets including real estate, securities, bonds, and various financial products whilst benefiting from regulated privacy and confidentiality.
Canvas Connect, the privacy driven zk-rollup Layer 2 Blockchain, offers confidentiality, high scalability, and low transaction fees, making it an ideal solution for the finance industry seeking to implement blockchain technology whilst remaining compliant with regulatory and compliance requirements.
Bitbond is the leading technology provider for bank-grade tokenization and digital assets technology. Users can rely on Token Tool’s configurable smart contract templates that have been audited by CertiK instead of having to program their own smart contracts.
“Our alliance with Bitbond delivers a financial institution grade service that simplifies the tokenization of any asset whilst ensuring confidentiality and privacy.” Said Mr David Lavecky, CEO of CANVAS.
"Bitbond's extensive experience in asset tokenization, combined with our privacy focused Layer 2 blockchain network, will empower Institutions to transform traditional financial processes, with the benefit of scalability, significant cost reduction and regulated privacy."
Radoslav Albrecht, CEO of Bitbond, said, "We are excited to join the Canvas ecosystem and contribute our expertise in securities tokenization and digital asset management. This partnership will enable us to help institutions tokenize their assets where confidentiality and privacy are assured, driving innovation and unlocking new opportunities for the global tokenization market."
About Canvas
Canvas is a global blockchain company with a mission to digitise finance. Canvas services consist of a confidentiality focused Layer 2 ZK network, along with a suite of Financial Markets Applications enabling the Transfer, Trade & Investment of digital assets with assurances of privacy, high speed and low, fixed cost transactions.
By leveraging emerging technologies like Zero Knowledge Proofs and Layer 2 networks, Canvas is able to provide the critical infrastructure needed by banks, governments and corporates as they begin to adopt Digital Assets & trade digital securities in the Digital Economy.
About Bitbond
Bitbond is the leading technology provider for bank-grade tokenization and digital assets technology. With its product Token Tool, Bitbond offers businesses a comprehensive solution for creating, issuing, and managing digital assets. With its innovative technology and extensive experience, Bitbond enables businesses to tokenize a wide range of assets, providing new opportunities for investors and driving the growth of the tokenization market.
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