Tokenized assets across institutions first require both sides to be able to read the same set of records.
On October 1, Sui announced that it is working with OpenAssets to advance the open tokenized asset standard OTAS, and will expand into the Sui ecosystem. According to the official introduction, this open-source framework, still under development, is governed by the LF Decentralized Trust Lab. It focuses on unifying the way asset identity, compliance rules, and audit history are expressed, and does not require all institutions to move onto the same chain.
My focus is: once an asset moves to a new system, can the receiving party understand its ownership records and transfer restrictions? Standardized formats can reduce duplicate integrations, but “being recognizable” is not the same as “anyone can receive it.” The actual circulation still depends on the specific asset rules and how participating institutions implement them.
The $SUI news worth tracking from this announcement is the progress on the standard and reference implementation, and it should not be simply converted into an asset inflow that has already occurred.
Source: Sui Foundation’s official article on October 1. #Tokenized Asset Standard
On October 1, Sui announced that it is working with OpenAssets to advance the open tokenized asset standard OTAS, and will expand into the Sui ecosystem. According to the official introduction, this open-source framework, still under development, is governed by the LF Decentralized Trust Lab. It focuses on unifying the way asset identity, compliance rules, and audit history are expressed, and does not require all institutions to move onto the same chain.
My focus is: once an asset moves to a new system, can the receiving party understand its ownership records and transfer restrictions? Standardized formats can reduce duplicate integrations, but “being recognizable” is not the same as “anyone can receive it.” The actual circulation still depends on the specific asset rules and how participating institutions implement them.
The $SUI news worth tracking from this announcement is the progress on the standard and reference implementation, and it should not be simply converted into an asset inflow that has already occurred.
Source: Sui Foundation’s official article on October 1. #Tokenized Asset Standard
