New Hedera Token Service Provides Native Token Issuance and Configurability With out Sensible Contracts

“At the moment, digital tokens are being designed for all types of financial actions,” stated Mance Harmon, co-founder and CEO of Hedera. “Tokenization of an enormous vary of belongings will make conventional financing operations and interacting in marketplaces quicker and less expensive, essentially altering the prevailing processes for buy order financing, acquiring loans for working capital, shopping for insurance coverage, securing stock financing, and bill factoring. Tokenization will present the muse for enterprises to make use of distributed ledger know-how (DLT) in routine enterprise transactions, thus driving important acceleration in enterprise adoption.”

The Hedera Token Service makes it simple for builders to handle tokens with scalable efficiency and predictable value. Many private and non-private blockchains that provide tokenization carry the burden of costly charges or upfront infrastructure prices, gradual transaction speeds, complexity in managing governance, and regulatory obstacles. HTS makes it easy to concern native, multi-signature tokens with scalable efficiency, native compliance options, native token swap capabilities, and predictable prices — all on a dependable community ruled by a council made up of huge, international, trusted organizations.

Dr. Leemon Baird, Chief Scientist and co-founder of Hedera Hashgraph, stated, “Enterprises are realizing that they will leverage distributed ledger know-how for the decentralization of the monetary layer of their companies, making processes extra environment friendly, decreasing prices, and unlocking new income streams. In an effort to see important profit from this know-how, they need to summary belongings onto a platform that’s quicker, extra environment friendly, and safer than legacy provide chain and financing methods. This could embody monetizing a corporation’s belongings, enhancing settlement effectivity, or accessing a brand new and rising market of utility tokens. We’re thrilled to see the passion for this performance already at the moment.”

Quite a few functions and ecosystem companions are already evaluating and utilizing HTS in a number of methods. These embody:

Exchanges integrating with HTS embody:

  • Bittrex International
  • CoinZoom
  • Hashgraph Change (HEX)
  • Huobi
  • Indodax
  • Liquid
  • OKEx
  • Upbit
  • XanPool

Custody Suppliers enabling custody for any token created on the Hedera platform embody:

  • BitGo
  • InvestaX
  • Ledger Vault
  • OnChain

Wallets supporting tokens created on HTS embody:

  • BRD
  • Coinomi
  • Meeco
  • Mingo
  • MyHBARWallet

Functions that can concern tokens utilizing HTS embody:

  • Greatest Innovation Group
  • Calaxy
  • Charity Store Change
  • The Chopra Basis
  • Diamond Customary
  • DLA Piper
  • Dovu
  • Entrust
  • Everyware Ltd
  • GABL
  • Jigstack
  • MemberPass
  • Mingo
  • Energy Transition
  • RooShine
  • SUKU
  • TaskBar

Unbiased safety auditors and assurance suppliers embody:

  • FP Full
  • Netki
  • OnFido
  • Quantstamp
  • TRMLabs

Service Integrators and Requirements Our bodies

  • BCW Group
  • Envision Blockchain
  • InterWork Alliance
  • LimeChain
  • TxMQ
  • Unibright

Community Explorers

  • Dragonglass
  • Hash-Hash
  • Kabuto
  • Metrika

Supporting quotes

Council members

“Of the big selection of DLT-related authorized advisory we undertake at Dentons, asset tokenization has been on enhance. Regulatory challenges apart, ease of tokenization coupled with sturdy infrastructure for time and price environment friendly transmission of tokenized belongings are key requisites to reaching efficacy in broad primarily based asset tokenization and trade. Hedera Token Service (HTS) paired with Hashgraph’s high-speed low-latency consensus and low-cost transaction infrastructure fulfill these necessities and has HTS properly positioned to help the worldwide motion in direction of asset tokenization and trade.”
Kenneth Oh, Senior Associate, Dentons

“As a governing council member, DLA Piper has been in help of the event of the Hedera Token Service (HTS) from preliminary idea by to mainnet availability. We will not wait to see new functions being constructed utilizing HTS, each internally and by the builders throughout the Hedera ecosystem. DLA Piper is starting to combine the Hedera Token Service (HTS) into its TOKO tokenization platform to reinforce the efficiency, safety, and stability of enterprise-grade digital belongings. The native account-based compliance configurations discovered inside HTS allows us to satisfy regulatory necessities and improve TOKO’s means to empower worth creation.”
Scott Thiel, Associate at DLA Piper

“The Hedera Token Service (HTS) will present builders and companies unequalled new methods to tokenize and concern belongings of every kind and getting the superior advantages of the underlying hashgraph consensus. We’re actively methods of leveraging the HTS along with the Hedera Consensus Service (HCS) to implement our digital technique.”
Rob Allen, Entrepreneur in Residence at eftpos

“Tokenization presents a major alternative to remodel the best way worth is exchanged in markets at the moment. Google Cloud seems ahead to supporting the expansion of the Hedera ecosystem as a Council member and trusted accomplice.”
Derek White, VP, International Monetary Providers Business Options at Google

“IBM has been a robust believer in Hedera Hashgraph since its inception.  It’s great to see Hedera proceed to disrupt what’s attainable with enterprise blockchain. The Hedera Token Service represents an enormous step ahead for the complete {industry}.”
Porter Stowell, Program Director of Technique and Providing at IBM Blockchain Platform

“Hedera Token Service holds the potential to enhance buyer worth and permit enterprises throughout many sectors to supply new companies that reap the benefits of the belief, safety, and velocity that it offers. We look ahead to being part of the Hedera Governing Council and alternatives the place we are able to collaborate with different main organizations throughout a variety of industries to additional develop the appliance of distributed ledger know-how to profit companies and shoppers alike.”
Samuel Byungsun Park, iLab Blockchain Lead at LG Electronics

“Bitcoin is smart as an inflation hedge, however it is not sensible for on a regular basis enterprise use circumstances, which demand an answer that’s quick, scalable and cheap. The Hedera Token Service represents a step forwards within the inevitable march in direction of the ever present adoption of distributed ledger applied sciences and will, if wildly profitable, even be a part of cryptocurrencies as a second killer-app.”
Simon Olson, Director of New Enterprise Improvement at Magalu

“Hedera’s uniqueness lies in the best way the governing council is structured and ruled, composed of the world’s main enterprises throughout sectors. Being on the forefront of technological change and digital transformation, Hedera and Tata Communications have a shared imaginative and prescient of constructing a greater digital future. The Hedera Token Service (HTS) has the potential to scale throughout a number of use case alternatives for each our clients, starting from funds to produce chain and tokenization of belongings — every providing a chance that differentiates ourselves out there.”
Ankur Jindal, VP and International Head of Company Venturing and Improvements, Tata Communications

“We’re delighted to be a council member of Hedera Hashgraph and to help their endeavor in tokenization, which represents an necessary pillar of this fast-moving monetary know-how {industry}.”
Paolo Tasca, Government Director at UCL Centre for Blockchain Applied sciences


“The Hedera Token Service (HTS) strives to convey higher efficiency, configurable compliance, and low charges to a brand new technology of cryptocurrencies and stablecoins. Bittrex International believes that supporting belongings tokenized on Hedera has quite a few upsides, and we will not wait to see what the longer term holds for this rising ecosystem.”
Tom Albright, Bittrex International, CEO

“Hedera customers will be capable of spend their hbars on the CoinZoom Visa card at over 53M retailers globally, and any ATM that accepts Visa. We imagine partnering with Hedera will convey us one step nearer to cultivating the mass adoption of cryptocurrency. As well as, we’re excited concerning the Hedera Token Service know-how, and wanting to record the brand new HTS-based tokens, that meet our compliance necessities, on our trade. Along with itemizing on CoinZoom, HTS-based tokens might be tied to the CoinZoom Visa card, making a premier fiat off ramp for the complete Hedera ecosystem.”
Adrianne Blackett, Director of Advertising and marketing at CoinZoom

“At HEX, we intend to make use of the Hedera Token Service (HTS) to concern and transact tokens, which securitize the values underlying actual world belongings. It is asset tokenization on the velocity and price of Hedera Hashgraph.” 
Suman Das, CTO at Hashgraph Change (HEX)

“Indodax seems ahead to itemizing Hedera Token Service primarily based tokens and making them accessible alongside hbar for markets throughout Asia, particularly Indonesia.”
Oscar Darmawan, CEO Indodax

“We’re happy to proceed supporting Hedera’s improvement and imagine their new tokenization service is a good addition to increasing the adoption of digital belongings.”
Kai Kono, Chief Enterprise Officer at Liquid

“OKEx believes that tokenization will present many alternatives for monetary inclusion and look ahead to enjoying our half within the Hedera ecosystem.”
Benson Yan, Itemizing Supervisor at OKEx

“By offering help to the HTS ecosystem, XanPool makes it attainable and simpler to achieve customers from Singapore, Hong Kong, Vietnam, Philippines, Malaysia, Thailand, India, and Indonesia.”
— Yongchuan Soh, Enterprise Improvement at XanPool


“BitGo is delighted to help the launch of the Hedera Token Service (HTS) and foster its rising token ecosystem. We’re able to help builders, cryptocurrency fanatics, and establishments holding and transacting tokens issued on Hedera with our custodial and pockets choices.”
Chen Fang, Chief Product Officer, BitGo

“The expansion of the Digital Securities Choices (DSOs) {industry} requires the precise licenses and know-how — this partnership with Hedera and integration with the Hedera Token Service (HTS) will present extra needed infrastructure to proceed to propel the {industry} ahead.”
Julian Kwan, CEO at InvestaX

“Tokenization of actual belongings is likely one of the most related, disruptive and sport altering use case of the digital asset {industry}. The Hedera Token Service (HTS) helps this ecosystem to thrive, and we imagine they’re headed in the precise route. We’re excited to help their future developments.”
Glenn Woo, Head of APAC at Ledger

“Onchain Custodian believes current shoppers comparable to exchanges and traders can profit from HTS, and new prospects will discover our custodial pockets answer to carry hbar with HTS enabled to be a sexy proposition.”
— El Lee, COO & Board Member of OnChain


“BRD is worked up to see the Hedera token ecosystem come to fruition. With a concentrate on establishments and excessive scalability, Hedera will make a major impression within the {industry}.”
Adam Traidman, CEO and Co-founder of BRD

“Coinomi is worked up to combine the brand new Hedera Token Service (HTS) into our pockets. Hedera customers could have a option to securely retailer, handle, and trade HBAR and different Hedera-based tokens. Hedera has confirmed to be a fantastic staff and we’re thrilled to work with them. Take pleasure in Coinomi’s strong 7 12 months observe document now with Hedera help and our {industry} main 24/7/365 Reside Chat help for all our customers.”
— George Kimionis, Founder and CEO at Coinomi

“We’re on observe in direction of a world the place all the pieces could be tokenized. Tokenization performs a vital half in enabling extra equitable worth creation for folks, organisations and issues. Offering the means to concern and retailer worth, hint provenance, and most significantly obtain consensus to immediately belief. Since 2012, Meeco has been pioneering the gathering, safety and worth trade of private knowledge and id. We’re impressed by the vary of use-cases the brand new Hedera Token Service helps, enabling Meeco to increase our options.”
Katryna Dow, CEO & Founder, Meeco

“The Hedera Token Service (HTS) permits Mingo to activate its Token Change Service, establishing a worldwide platform for the migration of seven,000 particular person tokens presently on the paltform at the moment for swaping, sharing, and storage within the Mingo pockets.”
Joe Arthur, Founder and CEO at Mingo

“MyHbarWallet is proud to have been one of many first pockets suppliers to combine the Hedera Token Service into its providing — by doing so, we’re enabling person entry to HTS tokens and fostering the rising Hedera tokenization ecosystem.”
Michael Anderson, Neighborhood Supervisor at MyHbarWallet

Auditors and Assurance Suppliers

“Now we have labored with the Hedera staff to conduct a 3rd get together audit of their codebase to evaluate safety, stability, and correctness. Our staff of software program, blockchain, and community structure consultants has supplied suggestions all through the event course of.”
Wesley Criminal, CEO of FP Full

“Netki is proud to supply KYC/AML buyer onboarding options for HTS token issuers. We will additionally assist to supply info and data on this space primarily based on our direct experiences, in addition to our work within the Digital Chamber’s Token Alliance and the Management Committee of the AML working group.”
Justin Newton, CEO at Netki, Inc.

“As a number one RegTech answer supplier with award-winning KYC/AML compliance instruments, Onfido is eager to help the rising ecosystem of HTS token issuers by methods that contemplate interoperability of trusted id credentials. We’re inspired to see that the Hedera Council members prioritized regulatory compliance within the design of HTS to permit token issuers to natively implement KYC, which ought to function an necessary catalyst to speed up progress on this market by introducing trusted verifiable customers into the crypto person base.”
Kevin Trilli, Chief Product Officer at OnFido

“Quantstamp is worked up for the launch of the Hedera Token Service and to increase help and supply safety for token issuers within the Hedera ecosystem. The flexibility to concern multi-signature tokens offers a fantastic alternative for issuers to get the velocity, safety, and equity of the Hedera community for their very own functions and supply a scaling path for interoperable initiatives from different ecosystems.”
Don Ho, Managing Director at Quantstamp

“TRM Labs is worked up to help Hedera Token Service with industry-leading blockchain intelligence for AML compliance. Asset issuers can leverage TRM options for pockets screening and transaction monitoring, assembly regulatory necessities with easy-to-use workflows and best-in-class knowledge & analytics.”
Esteban Castano, Co-Founder and CEO at TRM Labs


“Currently it has change into apparent that tokenization is the software we have to take care of rising markets. The problem has been discovering one that’s quick, safe, secure and predictable and most significantly will not value greater than the transactions themselves. Hedera Token Service ticks all of those containers. I’ve been ready for this rollout for the reason that inception of the community, it is a sport changer for certain.”
John Greatest, CEO,  Greatest Innovation Group

“Calaxy is worked up to construct the primary true creator financial system utilizing the Hedera Token Service (HTS) on the general public Hedera community. HTS affords the efficiency, safety, low charges, and configurable compliance wanted to convey digital belongings into the mainstream and adopted by hundreds of thousands of customers.”
Spencer Dinwiddie, Founder and CEO of Calaxy

“Charity Store Change is utilizing the Hedera Token Service (HTS) to allow our pivot in direction of an open market for used books — by utilizing our personal token, we’ll sever ties with conventional monetary infrastructure to drastically scale back transaction charges for patrons and sellers.”
Kelvin Lockwood, Founder at Charity Store Change

“We’re excited to collaborate with Hedera’s Token Service as our most well-liked platform accomplice for the launch of our Love in Motion wellbeing token. Our aim is to leverage the token service to remodel private and societal wellbeing.”
Deepak Chopra, MD, The Chopra Basis

“Hedera Token Service (HTS) is the lacking hyperlink that has until now restricted adoption of distributed ledger know-how. It affords the efficiency, safety, and governance required for real-world functions.  Coupled with steady, regulated belongings just like the Diamond Customary, HTS can drive exponential progress in decentralized commerce.”
Rajiv Sohal, CTO at Diamond Customary

“Our imaginative and prescient is to create a tokenized verified carbon asset ecosystem to supply earnings to land managers and farmers, in addition to different carbon asset use circumstances. The flexibility to quickly construct carbon asset marketplaces, utilizing atomic swap mechanisms accessible within the Hedera Token Service (HTS), provides DOVU with a aggressive benefit in our blockchain IP.”
Irfon Watkins, CEO & Founder at DOVU

“The Hedera Token Service (HTS) affords new and unrivalled means to tokenize merchandise – in our case, bottles of wine – that uniquely will enable us to simply create digital twins for our clients’ wine coupled with our patented, floor breaking, digital screwcap know-how.”
Jeffrey Grossett, Founder at Grosset Wines, an Entrust accomplice

“Tokenization of all the pieces — from buildings to home equipment — will change the panorama of asset administration, affecting everybody on the earth. Everyware views this as a once-in-a-generation alternative to be concerned with a groundbreaking new know-how from an early stage.”
Tom Display, Technical Director at Everyware Ltd

“The mixing of GABL’s token on Hedera Token Service, allows us to transparently observe and incentivize behaviors comparable to give, ask, borrow and like to construct sharing and caring communities.”
Poonacha Machaiah, Founding father of GABL

“Utilizing HTS, we are able to develop Lemonade on Hedera and be one of many first Defi Dapp’s on the Hedera Mainnet. Lemonade together with Hbarlink are simply two of’s latest choices for Hedera. The Hedera Token Service (HTS) will allow Lemonade, The DAO of Defi to not solely launch token ecosystems on Hedera alongside the Ethereum community however it’s going to additionally allow its built-in online marketing technique for its clients.”
— Charles Robinson Jigstack Chief Enterprise Improvement Officer

“The Hedera Token Service (HTS) has reworked the best way our clients can commerce electrical energy and different types of worth throughout the power sector. HTS has simplified our operations and lowered threat exposures whereas boosting our means to rapidly localise our Dapps to worldwide markets.”
Jiro Olcott, CTO at Energy Transition LTD

“The Hedera Token Service (HTS) will allow MemberPass to supply progressive options to our credit score union clients — it allows fast, safe, and cheap transactions of worth, whereas assembly regulatory wants.”
John Ainsworth, President & CEO of MemberPass

“The Hedera Token Service (HTS) represents a revolutionary effort to streamline the minting and infrastructure required to correctly concern digital tokens. It’s going to show to be a foundational part of the broader Hedera ecosystem that leverages world-class know-how and enterprise-focused governance. The Hedera Token Service’s (HTS) affords the flexibility to deal with giant numbers of transactions in an financial, safe, and clear method. By way of utilizing HTS, RECDEFi will remodel how clear power and carbon attributes are transacted — this may spur new decentralized monetary merchandise that speed up funding within the zero-carbon assets wanted to combat local weather change.”
— Atticus Francken, Co-Founder at RECDEFi

“Rooshine, Inc. is worked up to leverage Hedera Token Service to allow a Blockchain-driven public sale market for uncommon and bespoke spirits. Hedera Token Providers was chosen not solely to supply our end-users with the peace of mind of product provenance that comes from an immutable distributed ledger, but in addition for its progressive consensus-based method that brings velocity, transaction finality, and most significantly, belief to our public sale platform.”
Max Gomez, CEO at Rooshine

“SUKU has chosen the Hedera Token Service (HTS) to energy our INFINITE utility — The growing demand for NFTs mixed with digital authenticity of collectibles, digital artwork, and DeFi confronts the {industry} with unprecedented technological challenges. NFTs deployed on HTS enable us to be forward of the upcoming rise of NFTs and to succeed the place different platforms fail, guaranteeing the best stage of authenticity, scalability, and low transaction charges on a steady public community. “
— Yonathan Lapchik, CEO at SUKU

“We at are extraordinarily excited to launch the JAM token on Hedera Token Service! HTS is the final word native token service that can allow us to really understand our authentic imaginative and prescient for realtime micropayments at lightning-fast speeds with tremendous low charges.”
Andrew Antar, Founder,

“The Hedera Token Service will allow Taskbar to predictably and reliably scale the use circumstances and flexibility of our native utility & governance token.”
— Ahmed Shlibak, Founder at Taskbar

Service Integrators and Requirements Our bodies

“The class of HTS’s design is outstanding because it grants an simply accessible option to create, switch & functionally function tokenised constructions that can democratise & re-imagine the switch of worth.” 
Kyle J. Baron, Co-Founder & Managing Associate at BCW Group

“As an enterprise centered blockchain methods integrator, Envision Blockchain is worked up to embrace the HTS for our present and future shoppers. Tokens have improved implementation efficiencies because it pertains to ROI and technological scalability. Using tokens play a vital position in our skilled observe and we look ahead to furthering with HTS and Hedera Hashgraph.”
Jason Pancis, Co-Founder at Envision Blockchain

“The IWA is pleased with the necessary efforts members, like Hedera, are making to advance tokenization by leveraging the IWA’s Token Taxonomy Framework (TTF). The TTF is a wonderful first step in establishing a regular methodology that people and companies can use to make sure tokens cooperate and interoperate, whatever the state machine getting used. Our IWA members play a vital position in serving to enterprise leaders throughout industries collaborate on the implementation-neutral requirements wanted to drive the worldwide adoption of tokenized belongings,” 
— Marley Grey, Chairman at InterWork Alliance

The Hedera Token Service (HTS) units Hedera aside from the competitors, with a concentrate on holding it easy for builders to handle tokens, at low value, on a steady & scalable community. LimeChain could be very excited concerning the potentialities that the HTS will open up for the blockchain & DLT house and we look ahead to persevering with constructing on our trusted partnership into the longer term.”
George Spasov, Blockchain Architect and Co-founder of LimeChain

“TxMQ is working with a variety of totally different clients on a variety of totally different use circumstances for the Hedera Token Service (HTS) — as a really early accomplice of Hedera, we’re excited for this subsequent step for us all.”
Chuck Fried, President & CEO at TxMQ

“At Unibright we continuously try to combine these applied sciences, platforms and distributed ledger applied sciences (DLTs) that match our enterprise wants and targets. The Hedera Token Service (HTS) provides completely to Unibright Freequity  and delivers most superior tokenization at scale, low value, with on the spot finality. The flexibility for HTS to leverage current community primitives was a serious enchantment in deciding to combine Unibright Freequity with Hedera.”
Stefan Schmidt, Chief Expertise Officer at Unibright


“We imagine HTS will revolutionize how tokenized belongings might be utilized by combining Hedera Hashgraph’s belief, transparency, and talent to help greater volumes with tokens. We’re proud to help the HTS launch by offering a “”Knowledge-as-a-Service”” platform that matches Hedera’s volumes with greater reliability utilizing a cluster of servers and companies, coupled with the flexibility to combine exterior knowledge.”
Ashu Mahajan, Undertaking Supervisor at DragonGlass

“ was the primary explorer to help Hedera Hashgraph previous to Open Entry in 2019, offering a leaderboard of hbar accounts. We’re excited by the introduction of the Hedera Token Service and look ahead to offering in depth analytics into tokens issued on HTS.”
— Dr. Nikolaos Siafakas, Founder at

“Kabuto has built-in Hedera Token Service into its explorer and mirror node API  for the Hedera neighborhood to reap the benefits of — we’re excited to look at and help the flourishing token ecosystem on Hedera Hashgraph.”
Ryan Leckey, CTO at Kabuto

“Metrika has been an in depth accomplice of Hedera Hashgraph since earlier than the launch of its mainnet, offering deep visibility and operational intelligence on the efficiency and resilience of the community. We’re excited concerning the launch of the Hedera Token Service (HTS) which additional enriches the set of options that functions within the Hedera ecosystem can profit from.”
— Nikos Andrikogiannopoulos, CEO of Metrika

About Hedera

Hedera is a decentralized enterprise-grade public community on which anybody can construct safe, honest functions with close to real-time finality. The platform is owned and ruled by a council of the world’s main organizations together with Avery Dennison, Boeing, Dentons, Deutsche Telekom, DLA Piper, eftpos, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, College School London (UCL), Wipro, and Zain Group.

For extra info, go to, or comply with us on Twitter at @hedera, Telegram at, or Discord at The Hedera whitepaper could be discovered at

For Media Enquiries
Zenobia Godschalk
E: [email protected]

Emily Kielthy
E: [email protected]
T: +353 87 097 2754

SOURCE Hedera Hashgraph

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