CoinList launches Passage for tokenized asset distribution

CoinList is expanding its services beyond traditional token sales by launching Passage, a new platform designed to facilitate the distribution of tokenized real-world assets. This strategic move comes as the broader crypto industry experiences a slowdown in token sales. CoinList aims to capitalize on the growing trend of financial products moving onto the blockchain, addressing the current fragmentation in the tokenized asset market. Passage seeks to streamline access to these onchain financial products by simplifying compliance, eligibility, and onboarding processes for a wider range of tokenized assets.