Frederik Gregaard: Tokenized Assets Must Preserve Ownership Rights

Frederik Gregaard, CEO of the Cardano Foundation, challenge tokenization models wey dey leave investors with less rights than if dem get direct ownership of the assets wey the tokens represent. As im yarn with Cointelegraph journalist Ciaran Lyons for TOKEN2049 Singapore, im talk say blockchain products suppose improve speed, cost, or functionality and still keep the rights wey investors dey expect.

Di discussion touch Cardano programmable token standard, how dem tokenize Veridian shares, and the planned Fireblocks support for Cardano native tokens.

What Does a Tokenized Share Actually Give Its Owner?

Gregaard point out problems wey fit show after dem don tokenize one asset: how to prove ownership for court, how to find buyer when market dey move fast, and how to use rights wey follow corporate actions.

One token fit follow company share price but e no go give the holder the same legal position like real shareholder. Voting rights and enforceable claims go depend on how dem structure the product, including the relationship between token holder, issuer, and the underlying asset.

Trading na separate limitation. Blockchain fit record ownership transfer, but e no fit guarantee say buyer go dey available exactly when investor wan sell.

Gregaard argument be say make people assess all these functions together with transaction speed and fees when dem dey look tokenized product. To issue transferable digital representation no mean say e don automatically solve the obligations and market requirements wey dey surround the asset.

Cardano Connects Transfer Controls With Digital Identity

Cardano Foundation announce say CIP-0113 don enter mainnet on October 7. Di programmable token standard allow issuers define transfer conditions, like who fit participate, sanctions restrictions, and other compliance requirements.

Digital identity dey supply the information wey those rules fit need. Gregaard describe how to connect blockchain credentials with legal entity identifiers wey traditional finance don already dey use, so participants fit show which organization dem represent.

Veridian, di digital identity company wey come out from the Foundation, dey develop infrastructure for verifiable credentials. According to the Foundation, dem don tokenize Veridian shares on Cardano as ledger-based securities under Switzerland DLT framework, using the new standard.

That deployment dey connect programmable transfer controls with legally defined equity ownership. The two parts get different work: CIP-0113 dey govern how tokens fit move, while the issuance structure dey establish the rights wey attach to the tokens.

For other issuers, to adopt the standard still mean say dem must define the financial instrument, how ownership go work, and the procedures wey holders go use to exercise their rights.

[NEWSBREAK]

Fireblocks Targets Institutional Access by March 2027

Gregaard still discuss the expansion of Cardano support wey Fireblocks don announce, the platform wey institutions dey use manage digital assets.

Fireblocks don support ADA since 2021. The planned integration go extend native support to other assets wey dem issue on Cardano, so that e go reduce manual steps wey dey involved to manage those tokens.

Institutions go fit custody, send, and receive supported Cardano native tokens through the platform existing security policies and transaction approval controls. This one dey address asset management infrastructure, no be the legal rights or trading liquidity of individual products.

The Foundation expect full native token support by March 2027, with further DeFi and ecosystem integrations to scope during that year.