DoshEx, a Johannesburg-based developer of tokenised ecosystems and exchanges, has formally launched following the listing of two virtual assets by two financial service companies.

The digital tokens registered and listed with DoshEx permit the enterprises to transfer value to third parties in a blockchain-enabled exchange.

A third ‘tokenised economy’ is scheduled to list on the Bryanston-based exchange in the fourth quarter of 2018.

Each ‘tokenised economy’ meets unique industry needs while various reasons drive the use of these digitized assets.

DoshEx, a self-funded exchange and tokenisation specialist, is led by a group of South African entrepreneurs and businessmen and offers a range of services, including:

* Conceptualisation and development of tokenised solutions, customised to the needs of major corporates and others;

* Safekeeping of funds through ‘cold storage’ in cold wallets, totally isolated from online networks and safeguarded through multi-signature security systems, reducing any single-man dependence and vulnerabilities;

* Design and deployment of blockchain-enabled solutions;

* Exchange listings on DoshEx; and

* Design and roll-out of fit-for-purpose tokenised ecosystems, with integration to traditional financial systems.

DoshEx CEO Alex de Bruyn comments: “We took the exchange live in August and are now ready to follow up with the public launch of tokenised solutions.

“Although globally proven, tokenisation is still a relatively novel concept in South Africa, but we could not have hoped for a better response to our market offering, as indicated by the signing of three great customers and the delivery of our first two tokenised solutions.

“Early adoption requires a vision and a keen awareness of the benefits that accrue when instantly verifiable and automatically triggered transactions are concluded via a blockchain.”

He adds: “Financial service organisations have been quick to appreciate the benefits of a DoshEx listing, but awareness is rapidly growing across other sectors.”

DoshEx services are supported by an in-house team of blockchain developers and business process professionals.

Though corporate interest continues to pick up, De Bruyn foresees no immediate capacity constraints.

“We anticipate high future demand for tokenised solutions, but we’re confident we have sufficient capacity within our current structure,” he says. “However, local skills are scarce and extensive blockchain and cryptography training is hard to come by. This could become a constraint, but not for some while yet.”