Category: NEM (XEM)

NEM and Propine form a collaboration to provide asset tokenization on the Symbol platform and to open up the securities market

NEM and Propine form a collaboration to provide asset tokenization on the Symbol platform and to open up the securities market

Propine is a full end-to-end securities issuance platform with fully compliant custody services to ensure safe token maintenance and delivery. The ambition is to democratise access to capital markets with end-to-end securities services. They work with companies to manage risk and regulatory compliance for digital assets by tokenizing capital market products as well as the vehicles to access them.

Security tokens, depending on their exact features, can fall under the full scope of relevant security regulations, which can vary significantly from jurisdiction to jurisdiction. Consequently, many of the advantages of the security tokens are undermined if the infrastructure for providing these services is not regulated and compliant.

This highly regulated nature of security tokens prompted Propine to select Symbol as a partner for tokenisation due to the flexibility and ease of working with Symbol, plus the comprehensive feature set that covers 90% of what is needed to issue security tokens.

Symbol is a hybrid blockchain, built specifically with enterprises in mind while Propine’s solutions cater for institutional clients as well. This is just the first step in a long journey which will see significant adoption on Symbol with Propine providing investment banking activities supporting this choice.

NEM and Propine form a collaboration to provide asset tokenization on the Symbol platform and to open up the securities market

In this article, we interviewed Wong Liang Zan, who outlines the steps taken to integrate Symbol – covering evaluation, prototyping and integration – and provides a fascinating insight into key features built into Symbol and its unique relevance for token issuance.


About NEM

NEM Group supports the development of NEMNIS1 and Symbol from NEM , which launches towards the end of 2020.  Symbol is the next-generation enterprise-grade blockchain solution from NEM, purpose-built for Enterprise adoption.  NEM NIS1 (XEM), is NEM’s original blockchain and launched in 2015. NEM Group comprises three separate entities: NEM Software, NEM Trading, and NEM Ventures which together will contribute to the development of blockchain technology for generations to come. NEM NIS1’s native currency is XEM, which can be ‘harvested’ using its POI (Proof-of-Importance) algorithm.

NEM Group  is a global blockchain development company headquartered in Gibraltar and led by CEO, David Shaw.

Learn more at NEM.io.

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This article was originally published on: The NEM Blog on