- Bitbond’s Token Tool now supports Stellar Soroban.
- Users can create, manage, and distribute tokens on Stellar.
- No smart contract programming required for token creation.
- Stellar Soroban offers scalability, fast transactions, and low fees.
- Berlin-based fintech Bitbond is a key player in security token generation.
Bitbond, the Berlin-based fintech company, has integrated Stellar Soroban into its Token Tool platform. This move allows Token Tool to extend its capabilities beyond Ethereum Virtual Machine (EVM) compatible blockchains.
Stellar Soroban: A New Chapter
With Stellar Soroban now supported, Bitbond’s Token Tool users can effortlessly create, manage, and distribute tokens on the Stellar network.
Soroban is Stellar’s advanced smart contract platform, known for its scalability, rapid transaction speeds, and low fees, making it an appealing option for developers and businesses looking to branch out from EVM-compatible solutions.
Ease of Use and Security
One of the standout features of this integration is the ability to create security tokens without requiring any smart contract programming. Users can set custom parameters from the SEP41 token standard family and gain immediate ownership over generated tokens.
Additionally, the process is designed to be secure and compliant, which is critical for financial applications.
To support these new capabilities, Bitbond’s Token Tool offers seamless integration with digital asset custody solutions. This ensures that tokens created on Stellar Soroban can be securely managed, further enhancing the platform’s utility for its users.
Bitbond: A Trusted Partner
Bitbond has been a pioneer in blockchain technology since 2013. The company gained prominence by conducting Germany’s first Security Token Offering (STO) approved by BaFin in 2019.
Their expertise in tokenization and digital asset custody technology makes them an invaluable partner for Token Tool and its users.
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