LAToken, creator of the peer-to-peer Liquid Asset Token (LAT) marketplace and wallet, and Rivetz International today announced a partnership to bring TEE hardware-based cybersecurity to the LAT platform.
The newly announced Rivetz token, RvT, provides a new decentralized model to protect and assure the transactions, identity, and messages created on a mobile device are provably secure. Proof of cybersecurity controls is critical to building value in decentralized networks.
LAToken is building a global market using blockchain to enable a new model for freeing up the capital in fixed assets. It tokenizes and makes tradable assets ranging from debt and equity to real estate and art. “Security and confidence are critical to building the value of this network,” said Steven Sprague. CEO of Rivetz. “The partnership with Rivetz will help deliver the cybersecurity the market requires.” As the assets being tokenized represent a great real world value, it is even more important to use the new paradigm of security that Rivetz delivers.
“Rivetz is offering a new blockchain-powered model for decentralized cybersecurity that matches our needs in the market, said Valentin Preobrazhenskiy, CEO of LAToken. “We look forward to working with Rivetz and using the RvT token to ensure the customers on our network have a safe and user-friendly experience.”
The companies will work together to support full protection of the light wallet keys and process using the Rivetz app and RvT services, which will give users a simpler and safer model to protect access to their assets on the LAT marketplace. Buyers and sellers of assets on the LAT platform will benefit from hardware-assured identity, provable electronic signature, and verified instructions.
The technologies are in development, and the service is expected to be ready to support integration of the Rivetz capabilities by early 2018. Both companies are funding their project through the use of Token sales. More information can be found at their respective web sites www.latoken.com and www.rivetz.com
LAToken is a blockchain platform that tokenizes and makes tradeable assets ranging from equity and debt to real estate and works of art. For asset owners: LAToken unlocks the value of assets by enabling owners to sell their tokenized fractions to crypto-investors. For investors: LAToken opens global access to real assets using cryptocurrency, with low transaction costs and maximum transparency and security.
LAToken is based on a profitable home equity marketplace and back office for hedge funds founded by LAToken’s CEO, who invested $1m in this business. The marketplace, which was founded in 2013, processed 1,000+ deals last year with 35 banks and investors and is now adding new asset classes. The Public Token Sale starts on August 22.
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About Rivetz International
Rivetz is focused on solving problems associated with consumer and machine-to-machine digital transactions. Rivetz technology and services aim to provide a safer and easier-to-use model for all users to protect their digital assets using hardware-based trusted execution technology. The device aims to play a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their devices to interact with services on the Internet.