Source: Cryptonews Tokenized financial assets are poised to achieve a market size of approximately $2 trillion by 2030, according to analysts at consulting firm McKinsey & Company. In a recent report, the analysts noted that while the adoption of tokenization has had a slow start, they anticipate significant growth in the coming years. They even… Continue reading Tokenized Assets To Reach $2 Trillion Market Size By 2030, McKinsey Predicts
Source: CoinDesk Users can mint new tokens using the company’s new Alloy platform, which will be part of Tether’s upcoming tokenization venture, CEO Paolo Ardoino said. Tether, the company behind the $110 billion stablecoin (USDT), debuted Monday a new token minting platform called Alloy on the Ethereum network that lets users create tokens collateralized by… Continue reading Tether Debuts New ‘Synthetic’ Dollar Backed By Tokenized Gold In Tokenization Push
Source: Cryptonews Traditional banks may still dominate the financial industry in terms of assets held, but credit unions are becoming an increasingly popular option for Americans who qualify. Recent data shows that there are roughly 4,600 credit unions in the United States. A September 2023 report from The National Credit Union Administration (NCUA) further notes… Continue reading U.S. Credit Unions Adopt Tokenization of Real World Assets
Source: The Edge Singapore Singapore-based digital assets exchange SDAX has partnered with Oman’s Muscat Precious Metals Refining Company to launch a tokenised gold product on its platform. The MPMT Gold Token allows investors to acquire gold tokens in a securitised form, issued by an independent trust and backed by physical gold bullion held in vaults… Continue reading SDAX launches first-of-its-kind securitised gold tokens
Source: Bitcoin News Hong Kong’s leading commercial bank, HSBC, continues to invest in its tokenization product lineup. The bank’s CEO, Noel Quinn, stated that he is “very comfortable with the concept of tokenization.” He indicated that the bank will look at ways of tokenizing assets backed by “real” assets. HSBC’s CEO Discusses Tokenization Plans Hong… Continue reading HSBC to Expand Tokenized Asset Offerings – CEO Says He’s ‘Very Comfortable’ With Tokenization
Source: Cointelegraph The proof-of-concept projects seek to create a centralized platform for cross-border CBDC payments and tokenized money transfers. The Bank for International Settlements (BIS) has teamed up with the central banks of France, Japan, South Korea, Mexico, Switzerland, the United Kingdom and the United States Federal Reserve Banks to explore asset tokenization within the… Continue reading BIS and 7 central banks to explore asset tokenization through Project Agora
Source: Forbes The success of ETFs over their relatively short lifetime is a testament to the power of retail investors. From 2003 to 2022, the ETF market grew from $200 billion to $9.6 trillion, expanding stock investing from the preserve of besuited city traders to a mass market of individuals eager to generate better returns… Continue reading RWAs Can Be The New ETFs For Retail Investors
Source: Cointelegraph The credit protocol saw a peak in real-world assets two years ago. Now, it is looking to revive the market. Decentralized credit protocol TrueFi has introduced the Trinity protocol with an eye on increasing the capital efficiency of on-chain real-world assets (RWA). The new protocol will use the dollar-based TRI token backed by… Continue reading TrueFi introduces dollar-based TRI token for real-world asset trading
Source: Forbes We are currently witnessing a digital transformation as traditional finance and investments undergo a seismic shift towards greater efficiency and accessibility. Leading the charge, BlackRockBLK +0.7%, the world’s largest asset manager known for launching its Bitcoin ETF earlier this year, aims to tokenize $10 trillion of its assets in partnership with Securitize. “Today’s… Continue reading BlackRock’s $10 Trillion Tokenization Vision: The Future Of Real World Assets
Source: Ledger Insights In November we reported that Daiwa Securities, Japan’s largest security token underwriter, planned to trial digital securities on public blockchains. The digital bond was issued (and redeemed) in February and was the first in Japan to record transfer rights on a public blockchain. However, the experiments aimed to prevent the theft of… Continue reading Daiwa Securities demos countering hacking risks of public blockchain security tokens
