Asset tokenization has transformative potential not unlike securitization 50 years ago. But, blockchain is inappropriate for banks which must adhere to confidentiality and compliance requirements.
In this whitepaper, Fortanix presents a new token transfer technology using which tokens can be transferred point-to-point between banks while respecting regulatory constraints.
The whitepaper highlights:
Why the tokens model is more efficient than the accounts model.- Why blockchains are unsuitable for banks.
- The need for two new primitives to support interbank tokens.
- Specific use cases enabled by the Token Vault Network.
