Corda Top Ten Facts #3: The natural home for enterprise tokens
Myth: Since Corda has no in-built token, you can’t issue tokens on Corda
As I wrote recently, the world is waking up to the potential of tokenisation of real-world assets and contracts on decentralised ledgers… and Corda’s focus on settlement finality, regulatory compliance, strong identity and interoperability makes it the perfect venue. The key insight is: once you have a strong identity layer, which has been baked into Corda from day one, the need for a toll-charging underlying platform token goes away. Instead, on Corda, applications can execute on a low-cost basis without the expense of proof of work. Projects such as cordite are leading the way.
This is why more and more issuers are concluding that Corda is the future of enterprise tokens.