Introducing the newly-launched Hedera Token Service (HTS) to its platform will enable Unibright to scale asset tokenization and decentralized finance activities.
According to the company’s press release, the integration will enable Unibright to offer a fully integrated market infrastructure to its users. Launched in 2019, Unibright’s Freequity platform bundles issuance, regulatory compliant tools, and liquidity to provide a complete market integration to token issuers.
Mance Harmon, the CEO and co-founder of Hedera Hashgraph, said that providing full market integration raises the value of tokenization far beyond just financial instruments to include a broad set of data assets.
The addition of the Hedera Token Service (HTS) will provide Unibright users with the ability to issue tokens on a globally distributed public network. This enables enterprise users, looking to issue tokens, to leverage the existing network primitives while accessing configurable compliance tools. The company explained that developers can rely on a set of APIs to configure, mint, and manage tokens on Hedera, without needing to set up and deploy a smart contract.
“The ability for HTS to leverage existing network primitives was a major appeal in deciding to integrate Unibright Freequity with Hedera,” said Stefan Schmidt, the chief technology officer at Unibright.