How The Symbol Network From NEM Is Driving The Adoption Of Enterprise Blockchain
The following is a contributed article from a content partner of Benzinga
The ability to use blockchain technology to tokenize assets has resulted in considerable interest from asset management firms and legacy finance houses. Enterprises in numerous sectors are looking into the possibilities of tokenizing both tangible and intangible assets such as art, documents, software, games, and company shares.
Most notably, this has led to an emergence of a new kind of offering, Security Token Offerings (STOs), which provide companies with a modern, compliant, and cost-effective way of raising capital. The security, immutability, and tamper-proof nature of blockchain technology makes it perfectly suited for facilitating tokenization and fundraising.