Tokenization of real-world assets (RWAs) has gained popularity, encompassing a wide variety of assets such as real estate, digital art, and government bonds. According to projections from Boston Consulting Group, the tokenization of illiquid assets worldwide is projected to become a $16 trillion industry by the end of the decade. Recent data shows that the...
The Real Estate Landscape and Its Challenges A Flourishing Asset with Barriers to Entry Real estate is often perceived as a sound, non-correlated investment, where rental income acts as an inflation-hedged fixed income source, and the potential for long-term price appreciation brings added benefits. The single-family rental (SFR) market in the US, estimated at $4...
● Untangled Finance, a tokenized real-world asset marketplace, has gone live on the Celo network after securing a $13.5 million investment. ● The London-based asset management firm Fasanara Capital led the investment round and has also opened two credit pools on the platform. ● Untangled Finance plans to expand to Ethereum and Polygon via Chainlink’s...
UBS has launched a live pilot of a tokenized version of its Variable Capital Company (VCC) fund, as part of Project Guardian led by Singapore’s central bank. The pilot was conducted using UBS Tokenize and the Ethereum network, allowing for activities such as redemptions and fund subscriptions. This move marks a milestone in understanding fund...
Digital asset custody and infrastructure firm Fireblocks Inc. announced today that it has acquired the Melbourne-based smart contract development firm BlockFold that helps large banks and financial institutions with the tokenization of financial assets. The deal, which actually closed Sept. 1, is intended to help Fireblocks expand its tokenization capabilities, which allow traditional assets, such...
Banks and blockchains: Together at last? Tokenization, the blockchain-based ownership and exchange of real-world assets (RWA), was one of the buzzwords at last week’s Sibos conference in Toronto, the global banking industry’s annual technology convention. Old hands in the cryptocurrency field are probably rolling their eyes, remembering the “blockchain, not bitcoin” narrative that was popular...
Today Citi unveiled two digital asset solutions under the umbrella of “Citi Token Services”. Both services target institutions. One is a pilot for tokenized deposits, enabling organizations to move money between Citi branches worldwide and 24/7. The other is a trade solution that provides smart contract based bank guarantees that was piloted in collaboration with...
Today Singapore’s ADDX announced plans to expand into the Middle East and North Africa (MENA). The regulated tokenization platform and private exchange has raised US$140 million in venture capital, primarily from numerous major Asian financial institutions. These include the Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET). Its expansion into MENA aims to...
It’s a big day for asset tokenization, as many of the biggest names in the field announced the formation of an association to further its development. Seven leaders in decentralized finance (DeFi) have banded together to form the Tokenized Asset Coalition (TAC). The new advocacy group will work toward the adoption of public blockchains, asset...
“For tokenization to reach its potential, institutions will need to be able to seamlessly connect with the whole financial ecosystem. Our experiments have demonstrated clearly that existing secure and trusted Swift infrastructure can provide that central point of connectivity, removing a huge hurdle in the development of tokenization and unlocking its potential.” Swift has unveiled...
