The strategic 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).
To tokenize Real World Assets (RWA) such as IoT, a new blockchain application field gaining momentum in society, INTMAX and Plat’Home have joined forces. This collaboration combines Plat’Home’s “ThingsToken TM” technology, which tokenizes various physical assets (RWA), with INTMAX’s “Plasma Free,” a new Layer 2 ecosystem project that enhances Ethereum (L1) scalability and privacy. Through this partnership, the scope of RWA will expand to include non-financial assets like Things and other physical assets in addition to financial assets.
INTMAX and Plat’Home will build a platform on the Ethereum ecosystem’s Plasma environment to tokenize various Things and IoT devices. This partnership will integrate blockchain financial technology with billions of OT (Operational Technology) and IT (Information Technology) to manage all real-world assets (RWA) within the Web3 ecosystem.
RWA Market Size: McKinsey predicts that by 2030, the market for tokenized real-world assets (RWA) will reach 320 trillion yen.
About ThingsToken™: ThingsToken™ is a type of non-fungible token used to digitize tangible assets on the blockchain. The proof-of-concept project, involving Hitachi Solutions, Mitsui Sumitomo Insurance, Mitsubishi Warehouse, and NGK Insulators, was authorized by the Japanese Ministry of Agriculture, Forestry, and Fisheries in 2023. Using ThingsToken™, the project verified the traceability and identity of export items throughout the supply chain network.
Tomoyasu Suzuki, Plat’Home:
“The combination of INTMAX’s stateless L2 technology and our ThingsToken will revolutionize RWA by including non-financial assets such as Things and devices.”
Leona Hioki, INTMAX:
“Our stateless mechanism, offering scalability with virtually no user limit, can effectively tokenize a large number of devices, pushing the RWA domain to include physical Things.”