CoinList's Fifth ICO Is a $61 Million Bid to Tokenize All the Assets

On Monday, the wider world of token entrepreneurs and investors took notice when the company opened registration for its fifth sale.

The smart contract will require that a certain amount of trust token be set aside for any given asset.

Finer points aside the addition of TrustToken is notable in that it follows just four previous sales held on the site: sharing economy platform Origin; live-streaming mobile app Props; decentralized web protocol Blockstack; and the token for cloud storage, Filecoin.

With the listing, TrustToken aims to raise another $61 million selling 435 million of its ethereum-based trust tokens.

Still, it's important to note that money will be used by the team to prove out its model of asset tokenization, one where the token is used to decentralize a crypto method of underwriting.

Once it has refined its model for tokenizing assets at scale, it will open up its platform for institutions to tokenize their own assets, with the eventual goal of letting anyone create a token that represents their own property.

Under this model, trust token would be necessary for the creation of assets like TrueUSD. Provided it raises enough funding, it plans to replicate TrueUSD with the euro and yen, as it further refines its model.

For high-volume assets, like a stablecoin, stakers would be remunerated with transaction fees, while for lower-volume assets, such as real estate, stakers will be paid out of inflation in the tokens representing that asset.

If piece of land were represented by 100 TrueLand tokens, and the smart contract said that stakers would be paid 3 percent each year, three new tokens would be created annually and divided up among those guaranteeing the land for TrueLand holders.

For participants in the CoinList sale, the token itself should become available to buyers sometime between January 2019 and the first quarter of 2020.