Tokenization: Nine companies form alliance for token standards

• The new GRADE initiative, short for Global Regulated Asset & Digital Exchanger Alliance, aims to simplify and harmonize international trading in tokenized securities, according to a press release shared with BTC-ECHO.
• Behind it is a group of nine financial and technology companies from the field of digital assets, including Hydra X, Particula, 21X, Mio3, Assetera, Texture Capital, Sologenic, INX and the tokenization specialist Black Manta Capital Partners based in Vienna and Munich.
• The goal of the initiative is to create a standardized process that will enable issuers to more efficiently authorize their digital securities in different countries. At its core is the so-called “Eligibility Passport,” a uniform information and review process that consolidates the regulatory requirements of various trading venues.
• Issuers submit a standardized due diligence package to the central GRADE coordinator, which is then compared with the requirements of the respective trading venues.
• The decision regarding actual approval remains with the individual platforms, but issuers receive a clear overview of which requirements they meet and where adjustments are still needed.
• Alexander Rapatz, CEO of Black Manta Capital Partners, emphasizes: “The market for tokenization and digital assets is on the verge of widespread establishment, but is still hampered by fragmented regulation in different regions.”
• He continues: “GRADE aims to eliminate the resulting frictional losses by making information transparent and merging processes.”
• Mark Tang of Hydra X explains that many regulated assets are currently stuck in siloed markets because cross-border listings are too complex. GRADE aims to remove these hurdles, streamline the flow of information, and thereby create true global liquidity.
• Nadine Wilke of Particula emphasizes that issuers and exchanges lose time and resources due to excessive bureaucracy. The Eligibility Passport aims to reduce this burden by standardizing information without changing the rules themselves—a step that creates trust, efficiency, and strong network effects.

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