TIS and Ava Labs support the issuance of tokens for companies
TIS, a member of the TIS Intech Group, announced on October 28 that it has started offering a ‘multi-token platform’ in collaboration with Ava Labs, the developer of the layer 1 blockchain ‘Avalanche’.
The multi-token platform is a service that comprehensively supports the issuance and management of various assets such as stablecoins and security tokens (ST) by financial institutions and business companies. Companies using the service can consider doing business using digital currencies and digital securities by tokenizing their assets.
In delivering this service, TIS will leverage its knowledge of domestic financial and payment systems to provide infrastructure design, implementation and operational support, while Ava Labs will provide infrastructure and technical support using its global blockchain technology and tokenization knowledge.
The multi-token platform is based on Avalab’s managed blockchain platform “AvaCloud”, and consists of a combination of multi-assets using smart EVM contracts and a unique key management platform equipped with the security and governance features needed for financial companies. This will provide the platform functionality necessary for tokenizing various financial assets. The blockchain infrastructure is Avalanche and the token standard contract running on Ethereum is for the issuance of tokens.
For private key management that requires a high level of security and internal controls, we offer optimal solutions tailored to the portfolio requirements of each company. It is said that a secure transaction environment will be achieved through transaction signatures based on authentication policies, SSO and multi-factor authentication in combination with OpenID Connect, etc., and retaining all operation and signature logs.
The service is said to shorten processing times and reduce costs by streamlining money transfers and financial transactions that require many involved parties, complex business processes and regulatory compliance, and providing new value such as expanding on-chain transactions and developing products that combine multiple assets.
The price offered appears to be an individual estimate based on each requirement. ・TIS and AbaLab will collaborate in June 2024. So far, the company has demonstrated, developed and commercialized solutions related to stable coins, etc.
In April 2025, the two companies, together with Sumitomo Mitsui Financial Group (SMBC Group), Sumitomo Mitsui Banking Corporation and Fireblock from the United States, began a joint investigation into the use of stablecoins with the intention of commercializing them in the future. Additionally, in August of the same year, TIS and Avalab provided technical support for a technical article published by Toyota Blockchain Lab on MON (Mobility Orchestration Network), a blockchain layer that weaves trust into the mobility ecosystem.
Reference: TIS
Image: PIXTA
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