GK8 offers institutions a tool to easily and safely handle the full tokenization lifecycle of any asset. TEL AVIV, Israel, April 3, 2024 – GK8, a Galaxy company and leading enterprise-grade blockchain custody and monetization platform, today announced the launch of its Tokenization Wizard, an end-to-end application that paves the way for the future of digital ownership by enabling institutions to seamlessly and securely tokenize assets. Through its easy-to-navigate interface, GK8’s Tokenization Wizard guides users through the process of securing traditional assets—from real estate and fine art to intellectual property and even everyday objects—in the form of digital tokens. These tokens can then be fractionally owned, traded, and managed on a variety of blockchains. Tokenization presents vast opportunities for businesses and investors, with some analysts predicting tokenized assets will reach $4 trillion in market value by 2030. However, tokenization also poses security challenges, making issuers vulnerable to cyberattacks. The Tokenization Wizard solves these concerns by leveraging GK8’s multi-tier custody solution, including our Impenetrable Vault technology, the only solution on the market to enable on-chain operations without an internet connection. “Tokenizing real-world assets is quickly becoming a part of our reality across many industries and governments experimenting with local currency stablecoins, which makes them incredibly appealing for hackers to exploit given the sizable awards attached to these breaches,” says Lior Lamesh, Co-Founder and CEO of GK8. “Our Tokenization Wizard, with its user-friendly interface and customizable options, revolutionizes the tokenization process, enabling users to tokenize assets with just a few clicks. Institutions can now leverage this innovative technology to facilitate new revenue streams, enabling them to adopt these new capabilities securely.” Additional benefits of the Tokenization Wizard include: Impenetrable Custody – Utilizing GK8’s Impenetrable Vault enables institutions to issue smart contracts without the administrator’s private keys ever going online, ensuring they are out of reach for hackers. Maintaining the security of these private keys is paramount to securing their “superpowers” and admin privileges required for minting, burning, and proxying to other smart contracts, among other privileges. uMPC – The Tokenization Wizard includes secure MPC (multi-party computation), adding varying levels of permissions and approvals for specific users to manage and regulate the ecosystem, including allowlists and blacklists. All-in-one platform – Beyond tokenization, institutions can use the GK8 platform as a single integrated platform to oversee all digital-asset operations, including custody, staking, deploying assets to DeFi, and more. Seamless issuance and token tracking – Utilizing the intuitive Tokenization Wizard requires no previous knowledge of coding or smart contracts and enables users to manage the full lifecycle of their tokens. The Tokenization Wizard also enables users to transfer ownership, track transactions, and manage whitelists. Tokenization of any asset – The Tokenization Wizard can create any kind of token, ranging from NFTs and utility tokens to security tokens and real-world assets. GK8 supports thousands of L1 and L2 protocols, including all ERC-20 and EVM-compatible chains. The first client to utilize the Tokenization Wizard will be a partnership between DWS, one of the world’s leading asset managers, Flow Traders, and Galaxy that intends to create AllUnity, whose mission is to revolutionize the on-chain economy by issuing a fully collateralized EUR-denominated stablecoin. Institutions interested in exploring the Tokenization Wizard’s functionalities can schedule a custom demo of the application here. The original version of this press release was first published here.