Tokenized Desktop update makes accounting simpler with detailed transaction records

Getting your Trinity Audio player ready...

Keeping transaction records to satisfy reporting requirements just got a lot easier for users of Tokenized‘s desktop app. The latest update (v1.4.23) adds an export feature that downloads a full activity history for each of a user’s workspaces, including any instruments they’ve created, sent or received, running balances and fees, contract name/type, etc., in XLSX or CSV formats.

Tokenized is a smart contracting platform aimed at enterprise users, although its services would be useful to any organization looking to issue and manage digital assets. The desktop app provides a comprehensive dashboard to manage all aspects of blockchain-based digital tokens, taking into account the multiple individuals and entities involved in the process.

Big release!🎉

1. Txn history export feature which supports all instrument types and handles fees, and can be used for all reporting requirements, including tax filings
2. Customizable instrument transfer fee

More details are in the link below:https://t.co/y6s8ICN5Br pic.twitter.com/YAn1N6P5yw

— Tokenized (@Tokenized_com) March 19, 2024

Users can collaborate using the app to draft, review, and negotiate contracts, as well as issue their own digital tokens that represent something of value or importance in the real world. This could be real estate, precious metals, event tickets, or loyalty points (to suggest a few), although anything permitted by regulations in their local jurisdictions is possible. These contracts/assets each come with their own set of rights, obligations, and duties, which the app also helps manage.

Tokenized CEO James Belding said the updates would make it easier for businesses and other organizations to stay in compliance with local accounting regulations.

“Users will finally be able to generate convenient reports from their wallet’s transaction history, and for every tokenized instrument, including BSV. This provides individuals and entities with a nice and convenient way of exporting their on-chain financial records into their accounting system and allows for an easier tax filing process.”

Tokenized Desktop will automatically update itself when a user logs in; they may need to close the app and restart it to see the changes. The companion mobile app still functions as a two-factor authenticator, displaying a code that must be the same as the desktop version before allowing access.

Despite recent challenges in the blockchain, particularly the BSV world, Belding added that he thinks Tokenized will be the preferred solution for any organization that needs to handle multiple digital instruments and smart contracts.

“We are happy with the steady growth and the issuers that are currently working with us. It’s been a bit challenging courting some of the bigger customers as our use of BSV requires a lot of education, but we firmly believe our smart contracting platform is the most compelling in the whole industry, and we’re moving in the right direction.”

Despite being a minor update, Tokenized has also added functionality to its contract editor, allowing users to set and/or change custom transfer fees (in BSV) for any instruments they’ve issued. These fees are sent to the issuer of a tokenized instrument rather than miners, and users can set the address they’d like to receive the fees. It can be an external address, locking script, or simply one of their Tokenized workspaces.

“This release brings improved handling of fees in general. We’ve simplified the way they’re calculated and displayed and added estimates that show the total fixed instrument-related fee before you submit a new transfer or trade,” Belding said.

v1.4.23 also fixes several issues from previous versions, including more accurate updates after signing a contract amendment, interface bugs with buttons and text fields, and calendar pop-ups.

Watch: Tokenized was built with blood, sweat and tears