LAToken and Rivetz International announced a partnership to integrate hardware-based cybersecurity into LAToken's marketplace for tokenized assets. The collaboration will use Rivetz's RvT token to pro
LAToken and Rivetz International announced a partnership to integrate hardware-based cybersecurity into LAToken's marketplace for tokenized assets. The collaboration will use Rivetz's RvT token to protect transactions, identity, and messages on the LAT platform.
LAToken operates a peer-to-peer marketplace where users trade fractional ownership of real assets—real estate, art, equity, debt. The marketplace, founded in 2013, has processed over 1,000 deals with 35 banks and investors. Rivetz develops security technology based on trusted execution environments, a hardware-level security feature built into modern processors.
"Security and confidence are critical to building the value of this network," said Steven Sprague, CEO of Rivetz. "The partnership with Rivetz will help deliver the cybersecurity the market requires."
The two companies will work to protect LAToken's wallet keys and light wallet processes using the Rivetz app and RvT token services. Users trading on LAT will receive hardware-verified identity, provable signatures, and verified instructions. These protections matter when tokenized assets represent substantial real-world value.
Valentin Preobrazhenskiy, CEO of LAToken, said: "Rivetz is offering a new blockchain-powered model for decentralized cybersecurity that matches our needs in the market. We look forward to working with Rivetz and using the RvT token to ensure the customers on our network have a safe and user-friendly experience."
Both companies are funding operations through token sales. LAToken's public token sale begins August 22. The Rivetz integration is under development, with the two firms expecting a deployment-ready system in early 2018.
