CodeChain

About CodeChain

Based in Seoul, South Korea, CodeChain operates as a specialized blockchain platform for the tokenization of assets. The company was founded in 2017 and is legally known as Kodebox Co., Ltd. It has secured an undisclosed amount in a seed funding round from institutional investors Dunamu & Partners and Kakao Ventures.

CodeChain provides an application development platform that enables developers to build and customize multi-asset management systems. The platform is designed for the creation of decentralized applications (dApps) that handle the issuance, transfer, and management of various digital assets, including currencies and tokens. It serves a client base of security token issuance platforms, exchanges, and liquidity providers who can build their own services on the CodeChain network. The business model centers on network transaction fees, as the platform itself does not charge for issuance or trading.

The core offering is a comprehensive technology stack that supports regulatory compliance and privacy for digital securities. Key features include built-in support for KYC/AML regulations, programmable assets that allow for dividend payouts and voting, and chain-level privacy controls for assets and their owners. The open-source platform allows developers to choose from multiple consensus mechanisms, such as Proof-of-Work and Tendermint, and offers tools like a console for asset management, a wallet, an explorer for transaction tracking, and an asset exchange protocol to facilitate peer-to-peer trading. This protocol operates by relaying orders off-chain and performing settlements on-chain to enhance efficiency.