Realizing the potential of smart contracts and tokenization, competitors are flocking, congesting the space. However, of the many, only a handful are worth mentioning since Ethereum is still king, dominating in development and trusted by many. Ethereum, being the second largest blockchain platform in the world by market capitalization, is receiving attention and support from virtually every sector and industry.<\/p>\n\n\n\n
As\nnoted<\/a> by MuteDialog, a Twitter user:<\/p>\n\n\n\n \u201cEthereum is quietly becoming the global platform for every asset: regulated securities, debt, game assets, licenses, digital shadows of physical objects, Ethereum utility tokens & NFTs, insurance & synthetics, Tether & other custodial fiat & wrapped Bitcoin.\u201d<\/p><\/blockquote>\n\n\n\n Earlier this month, Singapore Exchange<\/a> (SGX) backed the 1X platform, which is a security tokens trading platform built on the Ethereum blockchain. During its launch, the platform had listed an Ethereum token which would be purchased using the Singapore Dollar<\/a>.<\/p>\n\n\n\n While speaking to CoinDesk, Haiping Choo, 1X\u2019s CEO, noted that the Ethereum-based securities trading platform seeks to \u201cprovide an IPO-like platform\u201d that would enable private firms to attract capital.<\/p>\n\n\n\n Choo,\nwhile talking to CoinDesk, added:<\/p>\n\n\n\n \u201cThe overall idea is to bring liquidity to an otherwise historically illiquid asset. We are starting off with private companies. In the future, we intend to apply the same workflow to other illiquid assets like bonds or real estate, etc.\u201d<\/p><\/blockquote>\n\n\n\n Then\nagain, in early 2018, the Canadian\nSecurities Exchange<\/a>\nindicated that they are gearing up to launch a securities clearing platform\nthat will be built on the Ethereum blockchain. The platform would enable\ncompanies to attract investments by issuing security tokens.<\/p>\n\n\n\n Apart from digital securities, the Ethereum platform has also found favor in the eyes of those seeking to use blockchain technology to issue loans. For example, Dharma<\/a>, a lending startup using the Ethereum blockchain, announced on April that it\u2019s open to everyone. The startup uses peer-to-peer mechanisms to match lenders with borrowers. <\/p>\n\n\n\n Although\nlenders get a fixed RoR (rate of return), interest is only earned when the\nborrower makes use of the assets.<\/p>\n\n\n\n According\nto Dharma\u2019s CEO, Nadave Hollander:<\/p>\n\n\n\n \u201cThere are a handful of ways to earn interest on your crypto in a non-custodial manner, pretty much all of those require a high degree of technical knowledge.\u201d<\/p><\/blockquote>\n\n\n\nRegulated Securities on Ethereum<\/h2>\n\n\n\n
Lending, Game Assets and\nLicenses<\/h2>\n\n\n\n