The firm has officially launched the Issued Assets (IA) program on its bitcoin-backed Liquid sidechain, allowing users to create their own tokenized assets, according to a press release.
These tokens can represent any sort of financial instrument, including fiat currency, crypto assets or attested assets (such as gold coins), as well as more novel types.
Users can also adopt Confidential Assets to enable private transactions between blockchain assets, ensuring only the parties involved in a transaction will know the asset type and value being traded.
Blockstream previewed the tool at CoinDesk’s Consensus 2018 conference in New York, demonstrating how the Liquid platform could be used to issue five different types of IA, representing physical goods.
In the demonstration, these assets included shirts and hoodies – and these tokens were randomly sent to attendees’ paper wallets.
Blockstream has revealed details of an asset trading upgrade to its Liquid sidechain, which could effectively provide an alternative to many altcoins. Tokenize Anything With Sidechains In an explainer July 2, Blockstream explained how its Issued Assets (IA) feature will allow users to create their own token asset on Liquid.
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