Sphereon uses DAML to enable Asset Tokenization & Stablecoin Management

Digital Asset partner Sphereon announced this week at the Voice of Blockchain conference  in Chicago that is has enabled the tokenization of assets and stablecoin management using DAML on Factom Protocol.

This development leverages DAML to issue and transact fungible and non-fungible tokens on any of the DAML-supported ledgers, thus allowing the issuance and management of stablecoins using DAML on a public blockchain platform.

“It’s amazing to see the community adopt DAML in such an innovative way. What Sphereon have done to integrate DAML with the Factom Protocol is really unique and shows the power of open source software,“ said Dan O’Prey, CMO & Head of Community Growth at Digital Asset.

Read the press release >