TRUE ASSETS DEVELOPMENT PRIVATE LIMITED

In their own words

Tassets (brand name for True Assets Development Private Limited) means tokenization of current assets. We understand that growth of Indian business do depend on the amount of current assets( primarily stocks and receivables) they can manage. Often businesses find it difficult to leverage current assets and get finance to grow further. Most financial institutions ask for other security/ collateral/guarantee than just charge on current assets and often put margin condition. Can we give real value to these current assets and give enough confidence to lenders to finance against them is where the idea of Tassets came from. We endeavour to use power of enterprise blockchain to tokenize and add real value to these current assets. Our first solution is tokenization of receivables enabling finance it in a much better manner than traditional supply chain finance solutions. We tried to eradicate most of pain-points in supply chain finance making supply chain finance much more simpler We have used the latest enterprise blockchain technology to digitize receivables. Blockchain enables security , privacy and immutability to the transactions. Further , it enables you to tokenize you to get finance against it.

Written by the company on its public Startup India profile. Not verified by us.