PRESS RELEASE: Berlin, September 19th, 2022
Earlier this year, Bitbond released Token Tool – a convenient no-code asset tokenization product. In order to allow monitoring of tokens and their value across multiple chains, Bitbond now added a free to use token portfolio tracker feature to Token Tool.
The portfolio tracker shows users their token balance across all chains supported by Token Tool. Token Tool’s portfolio tracker automatically calculates the value of positions for tokens that are listed on exchanges. Unlisted tokens can have their price manually added.
Moreover, token features are displayed in a convenient way. This allows users to easily recognize if they are the smart contract owner of a token, if the token is burnable or mintable, alongside many other features. NFT content can be easily previewed within Token Tool or via a link to OpenSea.
The majority of token investors own tokens across multiple blockchains and need to keep track of their holdings. Equally, token issuers such as tech companies and banks require a seamless and easily accessible solution to monitor the tokens that they issue and hold.
Supporting Ethereum, Polygon, Avalanche, and BNB Chain, Token Tool users can now easily track their asset prices, alongside benefiting from a wide range of services such as creating & distributing tokens, launching crowdsales, lock-up tokens, and/or create an on-chain registry.
Token Tool supports sophisticated key custody solutions such as Metamask / Metamask Institutional, Fireblocks, Qredo, Gnosis Safe, GK8, Metaco and Ledger. Thereby offering several options to configure utility tokens and security tokens, and manage security of lifecycle events in a bank-grade way.
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.
Saher Zoabi, Operations Manager at Bitbond