What is Stellar Assets and how to issue Stellar tokens

Scopuly
3 min readJun 29, 2023

--

Stellar Assets Statistics

As of July 2023, there are 119.26K different assets in the Stellar network. In the last month of June 2023, 831 new tokens were created and 6 assets were created in the last 24 hours.

Tokenize real value on the Stellar network built to issue assets

With Stellar, you can easily create, issue and manage digital representations of fiat and real assets. Tokenize the value of CBDCs, stablecoins, securities and more, and use Stellar's built-in customizable features and tools to meet your organization's requirements and standards.

Accounts on the Stellar network can be used to track, store and transfer assets of any type. Assets can represent many things: cryptocurrencies (like bitcoin or ether), fiat currencies (like dollars or pesos), other valuable tokens (like NFTs), pool shares, or even bonds and stocks.

Assets on Stellar have two identifying characteristics: the asset code and the issuer. Because multiple organizations can issue a loan representing the same asset, asset codes often overlap (for example, multiple organizations offer a USD token on Stellar). Assets are uniquely identified by the combination of their asset code and issuer.

Stellar does not have a dedicated asset creation operation. Instead, assets are created with a payment transaction: an issuing account makes a payment using the asset it issues, and that payment creates an asset on the network.

The public key of the issuer's account is associated in the registry with the asset. Responsibility and control over the asset lies with the issuing account. Because settings are stored at the account level in the registry, the issuer account is where you use the set_options operations to access the asset's meta-information and set authorization flags.

Removing or burning tokens

To delete or "burn" an asset, you must send it back to the account that issued it.

Create. Control. Manage.

Take advantage of the power and flexibility of Stellar to add digital assets to your product portfolio. From stablecoins to CBDCs and more, you can digitally represent financial products and real assets on Stellar, giving your clients access to your assets 24/7, quickly and at a low cost.

Expand your offerings

Offer new digital assets denominated in fiat currencies to customers around the world.

Program your assets

Use the built-in features of the asset management software to suit your needs.

Enable real-time payments

Make global payments 24 hours a day, 7 days a week and complete transactions in seconds with finality.

Designed for asset tokenization

Explore the platform's built-in features that make Stellar a network optimized for asset issuance.

Fast
transactions on Stellar are confirmed in just a few seconds.

Budget
The average cost of a transaction on Stellar is only $0.00005 per transaction.

Compliance and control
Built-in account-level features allow for custom asset management controls such as KYC, Freeze, and Clawback features.

Stable
Efficient by design, Stellar's low power consumption makes it one of the most stable blockchains.

Fast to market
Take advantage of Stellar's built-in DEX, robust tools, and a network of trusted service providers to get to market with ease.

Scalability
Transactions on Stellar can be reliably scaled to meet the needs of your business.

Thank you for reading to the end!

We covered how assets work on Stellar, how to issue your tokens on Stellar, and how to make payments and trade tokens on the Stellar DEX .

If you need to tokenize your assets and issue tokens on Stellar, but don't have a Stellar wallet yet, you can create one in a couple of minutes in Scopuly Wallet . This is a Stellar DeFi and DEX wallet that does not ask you for your personal details (not even an email address is required) and does not store your private keys. In Scopuly Wallet, you can securely store cryptocurrencies, make cross-border and mass payments, issue tokens and trade various tokens on SDEX, earn on AMM by providing your assets to Stellar liquidity pools.

--

--

Scopuly
Scopuly

Written by Scopuly

Scopuly is a secure, simple and multi-account Stellar Wallet and SDEX. Cross-platform wallet is available for iOS, Android, macOS, Windows.

Responses (9)