The Official Monetary and Financial Institutions Forum's digital assets report said that 92% of its respondents believe that financial markets will experience tokenization at some point.
RWAs continue to experience growth led by tokenized U.S. Treasuries.
The issuance was the company's first digital bond with fully automated settlement, building on last year's issuance on the Polygon network.
NEAR Protocol’s cross-chain signing feature will allow users on multiple blockchains to transact with Libre’s selection of tokenized credit and hedge funds.
Traditional finance institutions are increasingly exploring ways of putting assets like bonds, credit and funds on blockchain rails, known as RWA tokenization, to pursue operational benefits.
This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by OpenEden and other issuers.
Global lenders and asset managers are increasingly exploring blockchain tech to issue and transfer traditional financial instruments, also known as tokenization of real-world assets.
MakerDAO's competition to allocate funds will open next month, and would give a big boost for the $1.8 billion tokenized real-world asset space.
Forget million-dollar profile pictures, the real innovation of NFTs is ownership rights. This technology still has potential to transform industries, says Layne Nadeau, Founder and CEO of Nval, a pricing and analytics platform for NFTs and other assets.
The partnership aims to create on-chain Real World Assets based on Investcorp's funds.
The aims to broaden access to the $1 trillion reinsurance industry, making it more efficient and transparent with blockchain technology.
AgriDex brings agricultural commodities onto the blockchain by allowing crops to be bought on its marketplace with finalized deals backed by non-fungible tokens (NFTs).
Ironlight, helmed by the former global head of trading of Schroeder and Abu Dhabi's sovereign wealth fund ADIA with the ex-CEO of TD Bank as an adviser, aims to be a premier tokenization, listing and trading ecosystem for real-world assets targeting big investors.
BlackRock's first tokenized offering, created with Securitize, has captured almost 30% of the $1.3 billion tokenized Treasury market in just six weeks.
The Woo X RWA Earn Vaults have been built in partnership with institutional tokenization firm OpenTrade.
CFG, the protocol's native token, spiked as much as 14% after the announcement before paring gains and outperformed other DeFi tokens.
The company aims to bring corporate bonds to blockchain rails, which could have averted a similar credit meltdown to what happened in crypto in 2022, CEO and co-founder Max Boonen said in an interview.
The loans are currently live in Colorado and plan to extend to other states.
Amid the renewed strength recently displayed by Bitcoin, Michael Van De Poppe, a recognized cryptocurrency analyst and trader has offered an intriguing prediction for BTC, highlighting that the crypto asset is likely to reach the $300,000 threshold in this bull cycle. Bitcoin Price Targetted At Unprecedented Heights This Cycle Over the past month, the price of Bitcoin has been consolidating and hasn’t been able to sustain its rise beyond its new peak of $73,000. However, things could soon be changing, as Michael Van De Poppe expects the coin to surge immensely in the short term. His forecast coincides with anticipation around the upcoming Bitcoin Halving expected to take place in less than 12 days, fueling optimism within the crypto community. Related Reading: 12 Days Until Bitcoin Halving: Why $100,000 Isn’t Much Further Away According to the expert, the largest cryptocurrency asset by market cap is still experiencing significant resistance. Nonetheless, if Bitcoin manages to break out of this zone, the coin could witness a progression towards new all-time highs in the coming months. Given that BTC achieved the $70,000 price level ahead of the halving event, Poppe believes that it is likely to surge to unprecedented levels, particularly topping out at $300,000 in this bull run. The post read: Bitcoin still facing crucial resistance. If this breaks, then we will be seeing a continuation towards new all-time highs. Bitcoin at $70,000 pre-halving. Likely $300,000 this cycle. Poppe underscored that the price of Bitcoin returned to $70,000 level over the weekend. As a result, he has pointed out bullish indicators that are presently occurring in the crypto landscape. The analyst also noted that the strength of the cryptocurrency markets has now exceeded our perceptions, and dips in altcoins represent opportunities for good entries. In addition, BTC’s price action demonstrates the potential to reach a new all-time high pre-halving, and the shift in favor of altcoins is on the horizon. Altcoin Season Set To Kick Off In Weeks Poppe is super bullish toward an ‘altcoin season’. However, it is important to note that altcoins’ value has frequently coincided with shifts in Bitcoin’s supremacy. But even though Bitcoin’s dominance is still at its peak prior to the halving, Poppe thinks these coins still have a lot of momentum. Related Reading: Forget Bitcoin! Altcoins Set For Explosive Growth With Potential 1,000x Returns — Analyst He advocates that a new altcoin season will undoubtedly begin in the upcoming weeks. “We always have one, we have seen Meme coins, Solana (SOL) ecosystem, and AI,” he stated. The expert’s statement suggests that the Solana ecosystem, AI projects, and meme coins in recent months have led the altcoin market. Thus, Michael Van De Poppe has contended that in the impending alt season, crypto initiatives that prioritize the tokenization of Real-World Assets (RWA), the Ethereum (ETH) ecosystem, and the Decentralized Physical Infrastructure Network (DePIN) are likely to be next, paving the way for alts this cycle. At the time of writing, the altcoin’s overall market excluding Bitcoin and Ethereum was valued at $753.47 billion. This indicates a 2% increase in the market cap in the past 24 hours. Featured image from iStock, chart from Tradingview.com
The bank is claiming bragging rights for being the first bank to create a blockchain-based real world asset aimed at retail investors.
Investors will be able to take out crypto loans by pledging TrueFi's U.S. Treasury bill tokens, with plans to expand collateral to other types of tokenized RWAs, according to the proposal.
"This is the latest progression of our digital assets strategy," said Robert Mitchnick, BlackRock’s Head of Digital Assets.
Profits are redistributed to the community by rewarding token holders with yields.
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
While most market watchers are focused on bitcoin ETFs at the moment, Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA) hold a lot of long-term promise, says Colton Dillion, CEO of Hedgehog.