AssetVault Developing Use Cases for Tokenization

Last month, I suggested that London-based AssetVault should pivot.

It did.

Before:

The startup’s value proposition was to allow customers to catalogue their physical and digital assets in one secure register so that they can protect (through insurance and a dynamic digital will) and unlock value of their assets. Physical assets include property, vehicles, jewelry, art etc. and digital assets range from shares across multiple markets and exchanges, startup investments, peer to peer loans etc.

After:

The startup is on a mission to protect and secure the linkages between cryptographic blockchain tokens and the real world by developing 3 use cases. One. Legally recognized and cryptographically secure smart contract based wills and conveyancing mechanisms for the intertemporal and interpersonal transfer of tokenized real and digital assets across multiple jurisdictions. Two. Private, online marketplaces for the secure transaction of tokenized real and digital assets, with covenants and protocols for selective anonymity, condition based contingent transfers, escrow, and transaction reversibility. Three. Custody, hedging, insurance, and derivative products, institutions and governance incentive mechanisms to allow for the protection against losses arising from forks, lost keys, token based fraud, and counterparty risk.

Bottom Line: the secret language of blockchain.