Korean project ICON presented IRC16 specification of tokens, which will allow third-party market participants to develop assets and securities on the blockchain. This is stated in the press release of the company.

The standard allows tokenservice of physical assets, while meeting regulators ‘ requirements.

So, check the possibility of the transfer of the token allows you to filter out the sender or the recipient that have not been KYC/AML procedures. Control token operator protects against fraud and loss of private keys.

In addition, licenzirovanie the asset could be sold in parts as separate tokens, which improves liquidity by increasing the number of investors.

Standard IRC16 has already been added to the public blockchain ICON.

Recall that in late February, the parent company ICON has denied information on plans to conduct an IPO on the stock exchange KOSDAQ.