Bringing real world assets onto the blockchain might be about to go to the next level.

‍What’s happening:‍

• Galaxy Digital (TSX: GLXY) has announced that their wholly owned subsidiary company GK8 has officially launched their technology platform for being able to seamlessly tokenize real world assets
  
• GK8’s new platform is known as Tokenization Wizard and is aiming to reduce the friction around tokenizing real world assets
  

The big idea:‍

• GK8 has designed a purpose built interface that is capable of handling the process of transforming traditional assets into digital tokens
  
• GK8’s Tokenization Wizard is capable of dealing with any real world asset, including real estate, art, luxury vehicles, wine and more
  
• GK8 has also developed new technology around cold security of these digital assets, enabling institutions to be able to issue smart contracts in a way that prevents them being vulnerable to cyberattacks
  

Going deeper:‍

• GK8’s platform is also capable of supporting decentralized finance projects, staking protocols and private blockchains
  
• Asset management companies DWS and Flow Traders will collaborate with Galaxy Digital to begin to use GK8’s new platform to manage fully collateralized Euro denominated stablecoins

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