2Tokens and Dusk Network create TWO token for education platform
An interactive token experience to further blockchain understanding
Amsterdam, June 16th 2020 - Dusk Network is one of the facilitating partners in the 2Tokens Foundation, initiated to clarify the road to tokenization. In collaboration with international partners, the 2Tokens platform offers educational information and actual use cases. In October 2019 Dusk Network joined the 2Tokens Advisory Board to support the leading ecosystem initiative in the Netherlands. From the beginning, the business team played a key role in the R&D phase of the initiative, which resulted in the launch of three separate 2Tokens projects.
Dusk Network facilitates the technology and infrastructure for the TWO utility token. One of the reasons behind the selection of Dusk Network is because of its privacy-compliant technology. With this example case of tokenization the foundation demonstrates that it is already possible to create meaningful tokens within the current regulatory landscape.
Token sale launch during Dutch Blockchain Conference (DBC) on June 16
The realisation of the TWO utility token is a joint effort between CMS, 2Tokens, Dusk Network, Rabobank, WatsonLaw, DataFloq and YesDelft! The token is for sale today onwards. At the DBC 2020 conference, the realization of the token, as well as challenges and opportunities will be discussed by Dusk Networks’ Jelle Pol, Olivier Rikken and Dr. Mark van Rijmenam. For €1 a TWO token can be bought in the webshop and exchanged for 2Tokens services, which are pinned to educational information on tokenization: a 2Tokens membership, webinars, summits and more.
In the run up to this event, 2Tokens Studio Sessions were recorded. In these sessions you can find in-depth conversations about the creation of this utility token and the advantages of tokenization. By showcasing the ease of issuing a token facilitated by the right technology and token framework, the project encourages companies to create their own (utility) tokens.
Future of education on tokenization funded via TWO
Simply said: buying the TWO token will help in funding education on tokenization. The roadmap for 2Tokens’ projects is as follows:
- After the first token sale, exclusive content for members will be made available
- Tokens can be bought until the 2Tokens Summit in Q4, exact date to be announced depending on COVID-19 developments
- Together with partners such as Dutch Blockchain Coalition more content on tokenization will be created
Support of banks necessary
ABN Amro supports the 2Tokens project and TWO token sale from an educational point of view. Support from major banks like ABN Ambro shows that traditional banks are becoming more invested with blockchain innovations in the financial sector.
“The 2Tokens project provides a very good look into what tokenization is and how you can apply it yourself. At ABN Amro we understand and endorse the importance of digital assets and innovation.” - Martijn Siebrand, Innovation Manager Digital Assets at ABN Amro
International support for educational message on standardization in tokenization
The 2Tokens organization recently became a member of the InterWork Alliance (IWA), an organization that joins global efforts to standardize token-powered ecosystems worldwide. Chair IWA and principal architect at Microsoft Marley Gray, also shared his enthusiasm for the 2Tokens initiative and Dusk Network privacy-proof technology.
Jelle Pol, board member 2Tokens and Dusk Network Business Lead : “The 2Tokens project shows the added value of tokenization and makes financing of products and services more efficient, simple and transparent. The TWO project meets all standards for tokenization and the partnership with IWA is an opportunity for faster international deployment of tokenization.”
About Dusk Network
Dusk Network is the Privacy Blockchain for Financial Applications. A new standard for compliance, control and collaboration. Its mission is to enable any size enterprise to collaborate at scale, meet compliance requirements and ensure that personal and transaction data remains confidential. Companies use the Dusk Network blockchain to issue tokens, trade and collaborate via smart contracts. Scale-up Dusk Network was founded in 2018 and based in Amsterdam, the Netherlands.
2Tokens is a project set to formulate a guide, as part of a larger vision, for any type of organisation which wants to leverage tokens. It is the aim to come to a shared understanding on token finance and, as such, is a public-interest initiative supported by a diverse community of technology companies, policy makers, financial advisors, banks, and legal & regulatory experts and academia. The project is sponsored by the European Union and is a joint effort of Blocklab (Port of Rotterdam), YES!Delft (Incubator, Technical University Delft), and LIFT-OFF (Open data economy) with the endorsement of the Erasmus University Rotterdam, TechLeap NL, government, and several industry players. The 2Tokens project has the ambition to raise awareness, stimulate relevant discussions, and bring together knowledge/expertise to reduce the barriers to the adoption of tokenization and help realize the wider social benefits.
For more information: 2Tokens.org
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About Dusk Network
Dusk Network is an open source and enterprise-grade platform for the financial sector. Dusk Network is used to create tokenized representations of assets and securities. It uniquely offers fast and confidential transactions on a global ledger that is provably safe.