Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
GK8, which was acquired by Galaxy Digital just over a year ago, has entered the tokenization sector with a self-custody offering.
The first client to use the Tokenization Wizard will be a partnership between asset manager DWS, Flow Traders and Galaxy itself to manage a fully collateralized euro-denominated stablecoin.just over a year ago, has introduced Tokenization Wizard, a platform for building blockchain-based versions of real-world assets, as well as securely managing stablecoins and assorted Web3 applications.
GK8’s tokenization engine follows strict principles of self-custody, the firm’s co-founder and CEO Lior Lamesh said. That contrasts with the managed custody offered by Coinbase and many other major crypto custody providers.
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