In a move to broaden its services beyond legal guidance, DLA Piper International developed its blockchain-based TOKO platform to create smart contracts for buying and selling high-value assets for its clients based outside of the U.S. DLA Piper said the platform helps give clients more liquidity for traditionally non-liquid assets and creates additional revenue streams for the firm. 

TOKO uses the blockchain to allow vetted users to sell or purchase individual digital tokens of an asset, said DLA Piper chief information officer Andrew Gastwirth. If, for example, a client had a $100 million commercial property, they can leverage TOKO to sell 100 individual tokens for $1 million each, Gastwirth explained.