BNB Chain Launches New Tokenization Tool for Small Businesses

Asset tokenization Bitcoin BNB

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Hongji Feng

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Hongji Feng

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Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

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November 5, 2024

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BNB Chain introduced its new tokenization tool on Wednesday, providing a streamlined way for small businesses and entrepreneurs to tokenize real-world assets like real estate and company shares on the blockchain.

The tool includes compliance measures and security-focused features to support the tokenization of real-world assets (RWAs) such as real estate, art, and business equity.

How BNB Chain Tokenization Targets Small Businesses

BNB Chain’s RWA tokenization allows assets like property, art, and commodities to be tokenized and traded in a decentralized environment, opening new doors for businesses to leverage blockchain technology.

Through BNB Chain’s company tokenization, businesses can issue their own tokens, working with partners to meet regional legal requirements for secure transactions.

This approach provides companies with a way to engage in blockchain innovation without extensive technical knowledge.

The tool is designed for ease of use, requiring no coding skills, making it especially accessible to small business owners and entrepreneurs entering the Web3 space.

Compliance and Security Tools Support Tokenization Efforts

BNB Chain’s ecosystem hosts over 4,000 decentralized applications (dApps) and key partners, such as BitBond and InvestaX, that enhance the platform’s secure and user-friendly environment for tokenization.

These partnerships reinforce BNB Chain’s commitment to providing a compliant and efficient tokenization service tailored for those new to blockchain.

“Compared with other sectors in Web3, RWA is never an easy endeavor and requires more time and effort, but we believe it’s one of the right directions,” said BNB Chain Senior Solution Architect Jimmy Zhao.

“We see it as a crucial pathway to empower small and medium-sized businesses and introduce an increasing number of new user scenarios into Web3,” Zhao added.

BNB Chain Tokenization stands as an accessible entry point for small businesses and entrepreneurs looking to harness blockchain technology in a compliant and secure way, supporting their transition into Web3.