Waves is a decentralized exchange, and development platform that aims to make it easier to create, store, trade, and manage blockchain tokens. It has an intuitive interface that allows users to create tokens with very limited coding knowledge. These tokens can be used as a digital representation for any asset or commodity, or as a utility token for a network. Waves' easy to use platform has the potential to accelerate blockchain adoption and make tokenization more accessible. The platform is fueled by the WAVES native token. The network has a Proof-of-Stake (PoS) consensus mechanism.

Counterparty is a DApp development and tokenization platform that is built on the bitcoin blockchain. The open source protocol is powered by the native XCP currency and has a Proof of Burn mechanism. The platform allows users to create their own virtual assets and trade them on a decentralized exchange. It also enables developers to create financial applications that extend the peer to peer functionalities of the bitcoin blockchain.

OST is developing a tokenization platform that will allow companies to integrate blockchain into their apps and existing business practices. The OpenST Protocol is a framework for tokenizing business assets. The company is also working on a suite of developer tools, APIs, and SDKs to make implementing blockchain easier. The network is powered by the Ethereum-based OST token.