“Banks are trying to keep up with the trend and build a up-to-date digital front end, but just like painting lips for a pig, it’s still a pig, and the new front end is still running on a bad digital back end.” With the promotion of scientific and technological innovation and the advent of the information age, traditional banks are also carrying out related changes to adapt to the development of the times.

In 2009, blockchain technology came into being with Bitcoin, the world's first type of token asset. During the development of this decade, blockchain technology has brought great challenges to the financial industry. It has made the revolution in the banking industry not limited to traditional attempts that a change in name only.

Blockchain digital wallet Tark has created a new situation in the construction of digital bank. The emergence of digital bank has facilitated the world's 2.5 billion consumers who have not received sufficient banking financial services, and has also brought more abundant financial services to more than 45 million small and medium-sized enterprises.

Digital banks will use the power of science and technology to cater to groups under the age of 50 who grew up in the age of computers. The mobile technology strategy will provide people with more convenient and efficient services and better integrate them into people's lives. Through the breakthrough of information security, digital banks can avoid the central information repository with risk of leakage, and replace it with an encrypted, more dispersed information system.

Tark's ultimate goal is to create a global digital bank through wallet construction. The core technology of digital bank is the wallet. The core technology of the wallet is the blockchain. Tark has already done a good job of several elements to realize digital bank:

First of all, Tark Wallet brings together the world's top technology talent. The Tark technical team is dedicated to building Tark's Silicon Valley Labs, which brings together the best Internet technology talents from Silicon Valley and Cambridge, and is mainly responsible for the technical development, maintenance and iteration of the wallet. In addition, TarK Wallet plans to set up R& institutions in Australia and Italy to bring together scientific and technical talents from Europe, the United States and Australia, and ultimately make Tark Labs the output center of the top technology in blockchain.

Secondly, Tark wallet technology is far ahead, with advanced technology that surpasses the global mainstream token asset wallet, and introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly increase the safety factor of the risk of users’ token asset. Tark Wallet is the world's first cross-chain wallet based on the fourth-generation blockchain internet technology that supports the payment, storage and transaction of all token Assets. Tark technically implements atomic cross-exchange, lightning networks, and cross-chain lightning trading, taking wallet technology to a new level.
The core research direction of Tark wallet is four aspects: consensus algorithm, landing application of blockchain, application of blockchain and Internet of Things, and Internet distributed data architecture.

Theoretical knowledge will eventually become a practical application, and digital bank is a development direction of Tark wallet. Through peer-to-peer digital services, we can achieve seamless and low-cost international cross-border settlement and payment for global users, improve the experience of users, so that digital banks can really achieve the practical significance that is different from the traditional banks!

Example of tokenization: Tokenization of New York high-end apartment, with a value of over $30 million

The first wave of blockchain is becoming more and more popular with the transfer of money; the second wave is accompanied by rapid development of financing demand; and the third wave is likely to solve the pain point in the financial field with the aid of tokenization.

At present, asset tokenization is mainly composed of two development routes. First, it is dominated by traditional financial institutions, and asset securitization is realized by means of blockchain technology. For example, in September 2018, the Shanghai Headquarters of China Government Securities Depository Trust & Clearing Co., Ltd. successfully supported the first issue of personal housing mortgage asset-backed securities bookkeeping and issuance in 2018, with a total scale of 9.314 billion yuan, becoming the first credit asset securitization project based on blockchain technology in the market. Second, it is dominated by blockchain companies, actively embracing supervision and extending to the traditional financial sector, For example, property and other real estate projects for the transformation of tokenization. At present, the two development routes draw on each other and develop each other.

In early October 2018, a high-end apartment property in Manhattan, New York, was successfully tokenized on Ethereum. Rachel Wolfson said in a Forbes article that this milestone represents "the first mainstream asset in Manhattan being tokenized, which has recently been valued at more than $30 million." Ryan Serhant, the broker who traded the deal, said he was thrilled by the blockchain and Security Token (ST)’s revolution in modern finance.

“The market in New York is still strong, but it still takes some time to sell a new building at a reasonable price. Through the blockchain-based tokenization, we can get rid of the enormous pressure of relying on traditional bank financing to a certain extent. This is a healthier model for the project side and all stakeholders. Tokenization is opening up a whole new frontier for the real estate industry.” – Ryan Serhant, Forbes

Unlike traditional financing projects, high-end apartments in Manhattan's East Village are high-quality assets of real value. STs based on asset issuance are similar to other asset-based investments: their value is supported by tangible assets. The value of the underlying assets can maintain the stability of the price of the investment products and reduce the fluctuation of the price of the cryptocurrency.

The real estate project in Manhattan, New York, where Amiran Group operates, is actually building a bridge between the legal currency world and the cryptocurrency world.Through the tokenization of real estate, the project can accept both legal and digital currency investments, and investors can receive interest denominated in legal or digital currency, which will improve the efficiency of liquidity and transfer of ownership of assets. Currently, the real estate group is working with Fluidity (Fluidity is a company that provides technical services for market makers, publishers and other financial institutions to trade securitization tokens).

In addition to teaming up with Fluidity, Amiran is also working with Propellr Securities LLC to advance the collaboration between the world of legal currency and the world of encryption:

“Propellr Securities LLC will connect the buyers and sellers of Security Token (ST) through the technology platform and even turn interest into tokens. Propellr will be able to accept legal currency payments and sell securities under Red D 506(c) exemption terms. By using the technology of AirSwap Including Tokenizing, a compliant secondary market will emerge. In other words, this will enable online, end-to-end, local asset block chain transactions to become a reality.

“Cross-border real estate transactions are a market with an annual turnover of $340 billion and a growth rate of 13%.” — Natalia Karayaneva | Hackernoon.