FCToken: A Flexible Framework for Blockchain-Based Compliance Tokenization

Tokenization has emerged as a pivotal topic in fintech. It involves converting indivisible assets into divisible tokens, streamlining their trade and management. While asset tokenization offers benefits like reduced entry barriers, faster transaction settlements, and improved asset liquidity, it also presents challenges, notably concerns like money laundering and terrorism financing. The current landscape lacks comprehensive regulatory measures, allowing unrestricted access for both token issuers and buyers. To address the aforementioned challenges, this paper introduces the FCToken framework, meticulously designed to facilitate compliance tokenization across diverse scenarios and asset types. Innovatively, the framework operates at both the Token and Identity levels, encompassing four core modules to actualize compliance token issuance. Leveraging this framework, we have devised a prototype system, integrating both a GUI low-code module and a gas fee prediction mechanism. Such integrations not only bolster compliance-centric development efficiency but also proffer users methodologies to curtail gas expenditures during the token issuance process.