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...
The tokenized gold market reached over $1 billion in value last month, the report said. The tokenized gold market surpassed $1 billion in value last month as the tokenization of real-world assets gathers pace, Bank of America (BAC) said in a research report Thursday. Tokenization is the process of putting ownership of tangible assets, such...
The Bank of England (BoE) is preparing for groundbreaking innovations in finance, spearheaded by the rise of stablecoin, central bank digital currencies (CBDCs), and tokenized bank deposits. BoE Deputy Governor Sir John Cunliffe shared the central bank’s position at the Innovative Finance Global Summit on Monday during his keynote address. Cunliffe said the central bank...
