TOKO Signs agreement with PwC

Hong Kong, 5 July 2023 – TOKO, headquartered in Dubai with offices in Hong Kong, is a digital asset creation platform, created in collaboration with DLA Piper and operating within an unparalleled regulatory framework, signs joint business relationship with PwC Hong Kong to offer Blockchain solutions to PwC’s global suite of clients.

The TOKO offering includes end-to-end virtual assets solutions, empowering asset owners, issuers and investors to solve real world problems and promote financial inclusion. TOKO achieves this unparalleled offering by creating data rich tokens that align to a wide variety of underlying assets such as real estate, funds, shares, IP rights, and digital art. TOKO can deploy virtual assets on multiple public blockchains, whilst maintaining privacy and confidentiality by only making this information available to permissioned user.

The agreement marks an exciting milestone for the FinTech industry in which TOKO and PwC will work together on projects to promote the development of the Virtual Asset ecosystem, including building a use case leveraging the TOKO tokenization platform. This will serve to further open up opportunities for securities markets for both issuers and investors alike. With the business relationship agreement, PwC Hong Kong now has the ability to now offer enhanced security, transparency, and efficiencies to their global suite of clients, allowing barriers of asset illiquidity to be overcome.

Peter Brewin, partner, PwC Hong Kong says “The TOKO platform has a number of features which we believe our clients will see value in. These include the ability to customise token attributes and data sets to fit a wide variety of different underlying asset classes (real estate, funds, IP rights, digital art and trade finance), the ability to mint tokens on a variety of public blockchains (e.g. Ethereum, Polygon, Hedera, Algorand etc), but at the same time to immutably bind backing legal documents and data files to that same token on a separate permissioned blockchain that maintains privacy and confidentiality by only making this information available to those that have been granted access.” 

TOKO remains committed to improving the world and reshaping the virtual asset management landscape through cutting-edge technology, regulatory compliance, and a user-centric approach, the agreement bringing this commitment to a wider audience.

Scott Thiel, CEO and founder of TOKO says “At TOKO we believe in improving the world through technology and doing it within a tight regulatory framework, we are therefore excited about entering into this collaboration with PwC to bring our tokenisation technology to their suite of clients” 

ENDS