The partnership between INTMAX Stateless Ethereum Layer 2 and Plat’Home Co., Ltd. aims to commercialize a general-purpose token protocol for Real World Assets (RWA), including the Internet of Things (IoT). By combining Plat’Home’s “ThingsToken TM” technology with INTMAX’s “Plasma Free” layer 2 ecosystem project, the alliance will expand the scope of RWA to include non-financial assets such as physical Things. This collaboration will create a platform on the Ethereum ecosystem’s Plasma environment to tokenize various Things and IoT devices, integrating billions of OT and IT assets into the Web3 ecosystem.
The market size for tokenized real-world assets (RWA) is projected to reach 320 trillion yen by 2030, according to McKinsey. Plat’Home’s ThingsToken™ is a non-fungible token used to virtualize tangible assets on the blockchain. In a proof-of-concept project authorized by the Japanese Ministry of Agriculture, Forestry, and Fisheries, ThingsToken™ was used to verify the traceability and identity of export items in the supply chain network. This technology has the potential to revolutionize RWA by including non-financial assets like physical Things and devices, according to Tomoyasu Suzuki from Plat’Home.
The stateless L2 technology from INTMAX, combined with Plat’Home’s ThingsToken, has the ability to tokenize a large number of devices effectively, pushing the RWA domain to include physical Things. This strategic relationship between the two companies will enable the management of all real-world assets through blockchain financial technology. By tokenizing different Things and IoT devices on the Ethereum ecosystem’s Plasma environment, INTMAX and Plat’Home aim to enhance the scalability and privacy of Ethereum (L1) and integrate OT and IT assets into the Web3 ecosystem.
The collaboration between INTMAX and Plat’Home opens up new possibilities for the tokenization of Real World Assets (RWA), particularly in the Internet of Things (IoT) space. Through their partnership, they hope to expand the scope of RWA to include non-financial assets like physical Things, in addition to financial assets. By leveraging Plat’Home’s ThingsToken™ technology and INTMAX’s stateless L2 mechanism, the two companies aim to revolutionize the way real-world assets are managed and virtualized on the blockchain. This strategic relationship has the potential to have a significant impact on the RWA market and the adoption of blockchain technology in various industries.
The integration of Plat’Home’s ThingsToken™ technology with INTMAX’s stateless L2 mechanism will bring about a paradigm shift in the tokenization of real-world assets, particularly in the IoT space. By tokenizing various physical assets and devices on the Ethereum ecosystem’s Plasma environment, the alliance between INTMAX and Plat’Home will enable the management of billions of OT and IT assets on the Web3 ecosystem. This collaboration will not only enhance the scalability and privacy of Ethereum but also provide new avenues for the tokenization of non-financial assets, expanding the application of blockchain technology in the real world.
