The purpose of the strategic relationship between INTMAX Stateless Ethereum Layer 2 and Plat’Home Co., Ltd., a pioneering company in the field of Linux and Internet of Things (IoT), is to commercialize a general purpose token protocol for Real World Assets. (RWA), which includes the ‘Internet of Things’.
To tokenize Real World Assets (RWA), such as the Internet of Things (IoT), a new blockchain application field that is rapidly gaining ground in society, INTMAX and Plat’Home have entered into a partnership. This alliance combines Plat’Home’s “ThingsToken TM” technology, which tokenizes a variety of physical assets (RWA), with “Plasma Free”, a new Layer 2 ecosystem project from INTMAX that enhances the scalability and privacy of Ethereum (L1). improves significantly. This partnership will significantly expand the scope of risk-weighted assets to include non-financial assets such as things and other types of physical assets, in addition to financial assets.
On the Plasma environment of the Ethereum ecosystem, INTMAX and Plat’Home will build a platform that tokenizes various things and IoT devices. Through this collaboration, the financial blockchain technology will integrate billions of OT (Operational Technology) and IT (Information Technology) to enable the management of all real-world assets (RWA) from the Web3 ecosystem.
RWA Market Size: McKinsey expects that by 2030, the market for tokenized real-world assets (RWA) would reach 320 trillion yen.
About ThingsToken™: ThingsToken™ is a type of non-fungible token used to virtualize tangible assets on the blockchain. The proof-of-concept project, involving Hitachi Solutions, Mitsui Sumitomo Insurance, Mitsubishi Warehouse and NGK Insulators, was approved by Japan’s Ministry of Agriculture, Forestry and Fisheries in 2023. Using ThingsToken™, the project verified the traceability and identity of export items on an item-by-item basis across the supply chain network.
Tomoyasu Suzuki, Plat’Home:
“The combination of INTMAX’s stateless L2 technology and our ThingsToken will revolutionize RWA by incorporating non-financial assets such as Things and devices.”
Leona Hioki, INTMAX:
“Our stateless mechanism, which provides scalability with virtually no user limit, can effectively tokenize a large number of devices, forcing the RWA domain to include physical things.”