thenewscrypto.com
The goal of the strategic relationship between INTMAX Stateless Ethereum Layer 2 and Plat’Home Co., Ltd., a trailblazing enterprise in the Linux and Internet of Things (IoT) space, is to commercialize a general-purpose token protocol for Real World Assets (RWA), which includes the “Internet of Things.”
In order to tokenize Real World Assets (RWA), such as the Internet of Things (IoT), a new blockchain application field that is quickly gaining traction in society, INTMAX and Plat’Home have partnered. This alliance combines the “ThingsToken TM” technology from Plat’Home, which tokenizes a variety of physical assets (RWA), with “Plasma Free,” a new Layer 2 ecosystem project from INTMAX that greatly improves Ethereum (L1) scalability and privacy. Through this partnership, the scope of RWA will be significantly expanded to encompass non-financial assets like Things and other types of physical assets, in addition to financial assets.
On the Ethereum ecosystem’s Plasma environment, INTMAX and Plat’Home will build a platform that tokenizes different Things and IoT devices. Through this collaboration, blockchain financial technology will integrate billions of OT (Operational Technology) and IT (Information Technology) to enable the management of all real-world assets (RWA) from the Web3 ecosystem.
RWA Market Size: McKinsey projects that by 2030, the market for tokenized real-world assets (RWA) would reach 320 trillion yen.
About ThingsToken™: ThingsToken™ is a kind of non-fungible token that is used to virtualize tangible assets on the blockchain. The proof-of-concept project, which included Hitachi Solutions, Mitsui Sumitomo Insurance, Mitsubishi Warehouse, and NGK Insulators, was authorized by the Japanese Ministry of Agriculture, Forestry, and Fisheries in 2023. Using ThingsToken™, the project verified the traceability and identity of export items by each item in the supply chain network.
Tomoyasu Suzuki, Plat’Home:
“The combination of INTMAX’s stateless L2 technology and our ThingsToken will revolutionize RWA by including non-financial assets such as Things and devices.”
Leona Hioki, INTMAX:
“Our stateless mechanism, offering scalability with virtually no user limit, can effectively tokenize a large number of devices, pushing the RWA domain to include physical Things.”