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.
The two-year-old layer-1 blockchain is teaming up with the digital assets financial services provider to create new infrastructure options.
Ethena's USDe tokenized yield strategy has attracted over $2 billion in deposits and some scrutiny of the token's risks.
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.
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.
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.
Superstate's USTB token aims to offer institutional investors an alternative to stablecoins to earn a yield on their on-chain cash holdings, Superstate founder and CEO Robert Leshner said.
As tokenization takes hold, we propose a way to defer tax liabilities, bringing the tax efficiencies of ETFs to a wide market.
The combined market cap of tokenized Treasuries mushroomed to over $760 million from $110 million earlier this year, according to RWA.xyz data.