SmartCon 2024 featured presentations from more than 100 blockchain industry pioneers and financial leaders, who gathered to highlight the convergence of TradFi and DeFi into a more efficient global financial system. To delve deeper into the most groundbreaking topics from this year’s event, Nasdaq TradeTalks host Jill Malandrino interviewed some of the most influential speakers on-site at Hong Kong’s Kerry Hotel.
Luc Falempin is the founder and CEO of Tokeny, an enterprise-grade platform for compliant issuance, transfer, and management of tokenized securities. He sat down with Malandrino to discuss the need for universal tokenization standards that eliminate silos in onchain finance and accelerate the adoption of tokenized real-world assets (RWAs).
Falempin described the opportunity for RWAs to transform the global financial system.
“Traditional finance is in silo; it’s very fragmented so it’s very complicated to collaborate,” he said. “You have a lot of intermediaries, a lot of exchange of data, Excel files everywhere.”
He believes blockchain technology offers a shared infrastructure that allows different parties to securely and easily transfer value while eliminating trust issues.
Having enabled over $17 trillion in transaction value, Chainlink features a comprehensive set of oracle services that provide RWAs with secure and reliable data, proof of reserves, and cross-chain connectivity. In October, Tokeny announced it integrated essential Chainlink infrastructure including Cross-Chain Interoperability Protocol (CCIP) and a native connector to Chainlink Data Feeds.
Falempin emphasized the critical role of decentralized oracle networks in delivering accurate, unified price data onchain.
“If all the data models are different between players, it’s not going to work,” he said. “Other stakeholders need to know the source of the data and if the source is reliable.”
Tokenized RWAs offer unique onchain utility such as atomic settlement, fractionalization, programmability, and the ability to serve as a unified golden record that combines ownership rights and vital data into a single continuously updated smart contract.
Falempin distinguished tokenized assets from cryptocurrency, as the former can be embedded with compliance rules and authorization requirements that allow them to function as complex financial instruments throughout the multi-chain ecosystem.
He said Tokeny is now expanding its focus from enabling financial institutions to issue and manage tokenized assets to also empowering investors to unlock new utility for RWAs. “We’re trying to aggregate a full ecosystem of different types of distributors, partners, data managers, etc. to make something very coherent in the full ecosystem.”
Watch Jill Malandrino’s full interview with Luc Falempin.