Securitize has announced the release of the Digital Securities Protocol (DS Protocol) interfaces.
“We decided to open source the DS Protocol only after proving it works in real-world applications with real customers tokenizing multiple actual securities. The DS Protocol is now ready for developers to begin creating innovative applications for digital securities and to join us in shaping the future of capital markets,” says Carlos Domingo, CEO & Co-Founder of Securitize.
Securitize believes that Digital Securities on the blockchain will revolutionize ownership models, allowing for partial ownership in a way that is liquid, secure, virtually incorruptible, and accessible to trade by anyone with an internet connection.
The role of Securitize’s DS Protocol is to provide the proper Digital Ownership Architecture to address all aspects of the Digital Security lifecycle, which facilitates dynamic and open participation of multiple actors. With the release of this interface we expect to facilitate such participation, so that DS Tokens will be easier to exchange, and enriched thanks to new DS Apps created everywhere.
The Code
The Digital Securities smart contract’s code repository is accessible here: https://github.com/securitize-io/DSTokenInterfaces
This code includes the smart contracts defining the main interfaces required by the Digital Securities Protocol, as well as the ABIs (Application Binary Interfaces) that facilitate interacting with them. They are:
- DSServiceConsumerInterface — The basic fabric of the Digital Securities Protocol, allowing the different components to be able to associate with each other dynamically.
- DSTokenInterface — The interface defining the Digital Securities Token itself, an extension of the ERC20 standard, but including additional mechanisms relevant for Digital Securities, like investor-centric balances or the capability of iterating through the wallets holding tokens.
- DSTrustServiceInterface — The interface for the Trust Service, which allows assigning trust roles in the context of a DS Token, so that authorized actors or DS Apps can appropriately interact with the rest of the services.
- DSRegistryServiceInterface — This interface defines the functions for the Registry Service, which holds the relevant information about investors to ensure compliance during issuance or trades, but also to keep their privacy.
- DSComplianceServiceInterface — Finally, this is the interface the DS Token will rely on to ensure the validation of the different operations of issuance and trade during its lifecycle.
These are the bases that Digitize use to create DS Tokens for their customers, with implementations that have been audited by CoinFabrik.
Read more here: https://www.securitize.io/blog/ds-protocol-interfaces-released
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