Enterprise blockchain infrastructure provider R3CEV LLC announced Monday the launch of a software development kit that will allow businesses to roll out tokens on its distributed ledger technology platform Corda.

According to the company, the 1.0 version of its SDK will provide business developers what they need to roll out secure tokens that can be used for asset tracking, trading, payments and more. 

“Emerging digital asset exchanges and businesses looking to securitize real-world assets, are already using the Token SDK to represent debt, equity and cash instruments on Corda, as well as exploring the tokenization of other goods, commodities and services,” R3 said in a document outlining the platform’s capabilities.

The SDK allows developers to standardize interactions with tokens — which can be used to represent any number of different types of assets — in order to issue, trade and liquidate them within R3’s ecosystem.

Businesses participating in the ecosystem would get access to a system designed for enterprise security with settlement finality, strict privacy and the ability to use legal statements in smart contracts to execute agreements.

This is all done at scale and with almost-instant settlement capabilities, which means that institutions seeking to make payments or trades can be certain that they will happen quickly and reliably. R3 claims that Corda is capable of keeping up with the needs of U.S. equity markets, which execute transactions at 6,300 trades a second.

“There’s little or no waiting in the blockchain world,” said Cais Manai, senior associate at R3. “That’s because blockchain enables direct and irrevocable transactions between counterparties, with almost immediate transfer of funds. This could theoretically enable near real-time settlement for almost any financial transaction, a long-time industry dream.”

R3 said this is an all-in-one solution already in use by numerous of its customers. Developers who make use of the newly released SDK will find themselves in a rich ecosystem that allows them to easily interact with other token issuers if they so desire or run their own private, separate system.

Market analysis research firms believe that the blockchain market will see massive growth in the coming years, noting its intersection with financial instruments and tradable assets. According to the website Statista, the market for 2019 is $2.2 billion but is estimated to reach $23.3 billion by 2023.

Manai noted that there’s more than $526 trillion worth of real-life assets that could be built into a blockchain ecosystem, such as Corda. With the developer token SDK, this places R3 and Corda at the lead of providing a way for businesses to tap into those assets in a fast, secure and reliable way.

In 2015, R3 gathered up numerous banks as partners to work with its blockchain infrastructure development and in 2017 the company raised $107 million in a Series A funding. Since then, investments in R3 have reached $112 million.

Examples of the use of R3’s Corda include SDX, or Six Digital Exchange, a digital assets trading platform developed by a major Swiss exchange; Ivno, a collateral settlement system that uses the blockchain to move tracking assets in a digital marketplace; Value on Chain Ltd., a platform for direct investment in alternative assets such as for debt and equity; and TradeWind Markets, a gold and silver trading platform and securities lending market HQLAx both use tokens to track assets.

Business developers interested in the SDK can access and download the code at GitHub and can read up on the Token SDK tutorial as well.

Image: R3