Amsterdam, December 19, 2024 – LTO Network ignites the Real World Asset (RWA) Revolution with the launch of its groundbreaking Real World Asset (RWA) app, Universal Wallet, a revolutionary decentralized application designed to transform digital ownership. With its strategic partnership with world-renowned artist Joseph Klibansky and the introduction of a tokenized Rolex Airdrop, LTO Network is setting a new benchmark in the Web3 ecosystem.
Central to this vision is the Universal Wallet, which introduces Ownables, a new class of blockchain-based assets that prioritize privacy, security, and full user ownership. Unlike traditional digital assets reliant on centralized platforms, Ownables reside securely and privately within the user’s wallet. These assets encompass a broad spectrum, from art and collectibles to movies, audio files, and legal contracts.
Through its upcoming launch collaboration with Joseph Klibansky, a visionary artist celebrated for his multimillion-dollar sculptures and NFTs, LTO Network is bridging the gap between traditional and digital art markets. Klibansky, whose recent $1.2M sale of Beyond The Clouds to Jake Paul captured global attention, will tokenize select works into blockchain-secured Ownables.
In tandem with this landmark partnership, LTO Network has tokenized its very first luxury item, a Rolex Daytona “John Mayer”, and will be airdropping its RWA fractions to the crypto community to mark the launch of the Universal Wallet. This bold step illustrates the potential of tokenized RWAs to make high-value items more accessible and tradeable.
LTO Network’s Chief Operating Officer, Shawn Naderi said:
“This new technology heralds the start of the most significant change to the financial system since the Bank of Amsterdam came into existence in 1609. Over 640 Trillion dollars of assets can be tokenized and in the future, everyone will be able to own something that exists in the real world, via the blockchain. This is what Crypto was truly destined for.”
The Universal Wallet also features LTO Network’s innovative oBridge technology, enabling seamless interoperability with major blockchain ecosystems like Ethereum and Arbitrum (with BASE, Polygon, and Solana support also in development). Each Ownable is paired with a Twin NFT, allowing users to trade assets on leading marketplaces while retaining the security and integrity of the original asset.
The launch of the Universal Wallet is just the beginning of LTO Network’s ambitious roadmap. Upcoming developments include the introduction of dynamic and consumable Ownables, integration with Decentralized Digital Identities (DDI), and the rollout of EQTY, a next-generation ecosystem for tokenized real-world assets.
As Web3 technology reshapes digital ownership, LTO Network is at the forefront, driving adoption through its innovative solutions, strategic collaborations, and commitment to decentralization. The Universal Wallet is more than a product; it is a transformative platform that empowers users with unparalleled control over their digital and tokenized physical assets.
The Universal Wallet is now available for download on iOS and Android. For more information, visit https://ltonetwork.com.
About LTO Network
LTO Network is a privacy-aware Layer-1 blockchain for Real World Assets, Data Security, and Identity Solutions.
The platform is designed for business process efficiency and security. It combines a public layer for transparency and a private layer for data security, ensuring GDPR and MiCA compliance. This dual-layer approach makes it ideal for enterprises requiring data privacy and regulatory adherence.
LTO Network also offers tokenization of RWAs through their Ownables technology, enabling assets to be brought on-chain and allowing them to interact with the world of DeFi and Web3.
LTO Network's KYC services help maintain compliance with anti-money laundering laws and offer Proof-of-Humanity services to protect Web3 and DeFi platforms from bots.