Hashgraph has announced the general availability of Asseto, a modular tokenization platform crafted by ioBuilders, now operational on both Hedera and HashSphere. This innovative platform integrates various functions—including issuance, lifecycle management, trading, and settlement—into a single modular solution. Historically, many institutions have faced the challenge of piecing together these capabilities from different vendors and internal systems, often resulting in lengthy timelines for launching tokenized products that could stretch from several months to years.
Asseto specifically targets banks, market infrastructure providers, asset servicers, fund operators, and issuers, allowing them to establish tokenized operations without needing to compromise on speed or compliance. The platform’s launch comes on the heels of Hashgraph’s strategic investment in ioBuilders earlier this year, a partnership originally announced during HederaCon in May.
The significance of a modular platform like Asseto is particularly clear as institutional tokenization shifts from a theoretical concept to a pressing operational priority. Currently, many banks must separately coordinate multiple stakeholders, including issuance vendors, custody providers, trading venues, and settlement layers. Asseto simplifies this landscape by consolidating these components into a single deployment within an institution’s own environment and comes with no external dependencies, a critical factor for risk and compliance officers.
This structure enables institutions to retain full control over their data, operational workflows, and keys. Configurable workflows facilitate seamless integration with existing banking, custody, risk management, and reporting systems, eliminating the previously common need for extensive system overhauls. Consequently, business teams can roll out new tokenized products based on configurations instead of heavy reliance on custom coding.
The Asseto architecture features three integrated layers: first, a suite of APIs that connects the platform with internal systems; second, smart contracts that govern on-chain logic for each asset class; and third, a visual back-office that streamlines lifecycle management activities. This cohesive design allows asset servicers to manage corporate actions, registers, and reporting through a unified interface.
The platform is designed to support a variety of regulated financial instruments, including equities, bonds, money market funds, loans, and private equity funds. Notably, each asset type can be introduced through configuration, avoiding the burdensome need for custom engineering. Additionally, Asseto facilitates both primary and secondary market activities, such as configurable order books, RFQs, and bilateral trading. It supports atomic settlement methods—Delivery versus Payment and Delivery versus Delivery—allowing for T+0 execution, automated reconciliation, and comprehensive auditability.
With the launch of Asseto, institutions now have dual deployment models to choose from: Hedera, a public network utilizing aBFT consensus and governed by a council, and HashSphere, a private, permissioned network introduced at HederaCon. This flexibility allows institutions to select the deployment that best meets their regulatory requirements and data sovereignty needs, with the ability to operate both models in tandem without platform changes.
HashSphere offers tailored capabilities for regulated markets, including support for zero-knowledge proofs for DvP and PvP transactions, customer-controlled validators, and flexible governance. The network also connects to others via CLPR, Hashgraph’s cross-ledger protocol, and has been recognized as the infrastructure provider for Australia’s Project Acacia, the Reserve Bank of Australia’s pilot for wholesale digital currency.
The relationship between Hashgraph and ioBuilders has developed over the past six years, during which ioBuilders has harnessed Hedera technology to build various products, including solutions for stablecoins and securities. Their merger with Adhara in mid-2025 further strengthened their capabilities in tokenization and institutional payments.
Both Hashgraph’s CEO Eric Piscini and ioBuilders’ CEO Carlos Matilla pointed to the increasing institutional demand for digital assets as a driving force behind the modular platform’s development. Piscini emphasized that while tokenization is becoming essential for financial institutions, creating solutions atop existing infrastructure remains complicated and resource-heavy.
Asseto’s launch isn’t a mere exploratory venture; it builds upon a proven technological foundation that has already facilitated over €6 billion in transactions across more than 60 projects. With more than 80 skilled professionals now part of ioBuilders, the firm boasts a comprehensive team to tackle the multifaceted challenges of regulated tokenization.
Market dynamics also favor the introduction of Asseto. Recent forecasts from the Boston Consulting Group and ADDX suggest that tokenized illiquid assets could reach approximately $16 trillion by 2030. Similarly, Citi’s projections indicate that tokenized financial assets may comprise a base case of $4 to $5 trillion in the same timeframe. Consequently, banks are under increasing pressure to operationalize tokenization swiftly, making comprehensive platforms that reduce vendor proliferation highly appealing.
Within the competitive arena of institutional tokenization, various approaches exist. Securitize operates as a regulated broker-dealer focused on tokenized private market funds, while Tokeny offers the T-REX protocol for compliant securities on EVM chains. In contrast, Fireblocks combines multi-party computation custody with tokenization tools for banks, and Taurus delivers an integrated custody and issuance platform for European private banks.
Asseto distinguishes itself through several key attributes: it offers dual deployment options through Hedera and HashSphere, operates within the institution’s environment, and manages the entire asset lifecycle from issuance to atomic settlement in a single configurable product. This bundled solution aligns closely with the current demands of banks seeking streamlined tokenization partners.
Moving forward, the focus will be on observing whether institutions can transition from configuration to real-time product launches effectively. IoBuilders has already garnered references for Hedera through its previous projects, while HashSphere is validated in the wholesale market through Project Acacia, positioning Asseto for successful deployment in the coming year. Interested organizations can explore further or request a demo at hashgraph.com/asseto.
