PRESS RELEASE: Berlin, December 19th, 2022
The leading tokenization Web3 app Bitbond Token Tool added support for the Fantom blockchain. Token Tool lets users create ERC20 tokens, NFTs, token sales and manage many other token functions in a convenient way. Users don’t have to write their own smart contracts but can configure everything via the Token Tool user interface.
The smart contracts that Token Tool uses have been audited by CertiK earlier this year. This way users don’t need a separate audit on the tokens they create via Token Tool.
Bitbond now started working together with the Fantom Foundation and added full support for the Fantom blockchain on its Token Tool product.
Fantom is a high-performance, single-state, and EVM-compatible blockchain designed to simultaneously process many transactions without compromising on security. The blockchain continuously ranks among the top 10 largest chains by total value locked in DeFi applications according to DefiLlama.
This shows that Fantom has an active DeFi community and user base. The support of Fantom in Token Tool will facilitate the creation of tokens and NFTs in the Fantom ecosystem further.
Token Tool includes a portfolio tracker feature which now also allows to keep track of tokens a user owns on the Fantom chain.
Fantom is a high-performance, single-state, and EVM-compatible blockchain designed to simultaneously process many transactions without compromising on security. Fantom empowers developers with out-of-the-box security and financing solutions that abstract many of the technical and logistical complexities of running a dApp, all while retaining the most attractive properties of blockchain technology. Deploying your smart contracts on Fantom provides you with everything you need to focus on doing what you do best: shipping your core product offering.
Bitbond is a Berlin based financial technology company with a focus on asset tokenization and digital assets. Bitbond conducted the first Security Token Offering (STO) in Germany with a securities prospectus approved by BaFin in 2019. Bitbond works mainly with banks and other financial intermediaries in the areas of tokenization and custody of digital assets based on blockchain technology. Bitbond’s tokenization product Token Tool allows its users to create and manage tokens on leading EVM blockchains in a convenient way without the need of coding own smart contracts. Token Tool has been successfully audited by CertiK.
Saher Zoabi, Operations Manager at Bitbond