HYFI Blockchain

Thursday, 25th January, 2024

1. What is HYFI Blockchain?

Hybrid Finance Blockchain (HYFI) is a Legally-compliant Permissioned Layer-1 Blockchain.

HYFI is a Wyoming, US based project and is part of the Government of India Sandbox at GIFT City. HYFI is also incorporated in the Dubai International Financial Centre.

HYFI has 1 use case only. And that is to tokenize the the multi-trillion dollar illiquid assets sector.

According to Boston Consulting Group (BCG), the total size of illiquid asset tokenization globally will be $16 trillion by 2030.

2. Assets supported by HYFI

Assets being tokenized by HYFI include:

  • Art
  • Carbon Credits
  • Copyright Licenses (Books, Movies, Music & Software)
  • Diamonds
  • Private Equity
  • Rare Collectibles
  • Real Estate
  • Structured Financial Products
  • Tax Deeds
  • Whisky Casks

3. HYFI metrics

Type: Permissioned
Layer: 1

  • Block time: 2 seconds
  • Storage limit: 64 MB / transaction
  • Speed: 1,000 tps

Integration: JSON-RPC API Cold Nodes: Available

Consensus: Distributed consensus between identified block validators.

Legal Compliance: KYC, AML, CFT, Consumer Protection, Data Privacy, Right-to-be-forgotten Regulations, and Freezing of Assets.

Data Privacy: Stream Read Restrictions, Fully encrypted p2p connections.

External private keys and multi-signatures for all transactions.

Hardware Security Modules: Supported

Smart Filters: JavaScript

Unlimited addresses, assets, streams, transactions, stream items, and nodes.

4. Legal & Regulatory Compliance

HYFI Blockchain has the highest level of Legal & Regulatory Compliance and it supports:

  • Data Privacy
  • Consumer Protection
  • KYC (Know Your Customer)
  • AML (Anti-Money Laundering)
  • Right-to-be-forgotten Regulations
  • CFT (Countering the Financing of Terrorism)
  • Freezing of Assets based on orders from courts & enforcement agencies.

HYFI Blockchain is tokenizing the multi-trillion dollar illiquid assets sector - Private Equity, Real Estate, Structured Financial Products & more.

5. What is Tokenization?

Tokenization converts the economic rights of an asset into blockchain tokens. Each token represents a fraction of ownership in the underlying asset.

= Authentication
+ Provenance
+ Fractionalization
+ Trading

Each token represents a fraction of ownership in the underlying asset, enabling investors to buy, sell, or trade these tokens on digital asset marketplaces.

Tokenization bridges the gap between traditional finance and the digital world, leveraging the benefits of blockchain technology.

Effectively, Tokenization brings the asset to the Crypto world where it can be fractionalized and traded 24x7 by a global audience.

To learn more, download the Tokenization Playbook 2024 by Rohas Nagpal, the Chief Blockchain Architect of HYFI.

According to Boston Consulting Group (BCG), the total size of illiquid asset tokenization globally will be $16 trillion by 2030.

6. What makes HYFI Technology special?

  • HYFI can handle large volumes of transactions - more than 1000 transactions per second.

  • HYFI supports millions of addresses, assets, streams, and unlimited transactions / stream items, and can handle unlimited nodes in the network.

  • HYFI blockchain's block time is as low as 2 seconds.

  • The HYFI Blockchain provides ample storage space with each transaction being able to store up to 64 MB of data.

  • Streams in the system support various data structures such as key-value, identity, and time series, making it easy to store and search for information.

  • The scalability of the HYFI Blockchain is improved through Selective Stream Indexing and Selective Data Retrieval.

  • HYFI supports Cold Nodes for the storage of sensitive information, such as private keys, which are crucial for accessing and managing blockchain assets.

  • Hybrid Finance (HYFI) Blockchain can be integrated with other applications through its unified JSON-RPC API.

  • HYFI enables developers to create a wide range of custom applications, from simple web interfaces to complex decentralized applications (dApps), that can interact with the blockchain in a secure and efficient manner.

  • Data Streams enable HYFI to be used as a general-purpose append-only database, with the blockchain providing time stamping, notarization & immutability.

  • The P2P connections in HYFI Blockchain are fully encrypted, preventing intermediate routers from seeing any private data.

  • HYFI supports full multi-signature support and external key management, which enables users to securely manage their assets using hardware security modules (HSMs).

For more, see HYFI Technical Documentation.

HYFI's speed is over 1000 tps, block time is 2 seconds, and it can support millions of addresses, assets, and streams. It can support unlimited transactions and nodes.