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BNB Chain reveals no-code real-world asset tokenization service

According to financial services firm Standard Chartered, real-world asset tokenization could reach a $30-trillion market cap by 2030.

BNB Chain has unveiled a new real-world asset tokenization service that provides individuals and businesses with a no-code solution to tokenize real-world assets in “minutes.”

According to the announcement, the new service streamlines the process of asset tokenization through in-built compliance tools and clear guidance through each step of the tokenization process — including asset securitization and onchain minting of tokens.

Outsourcing the tokenization process to the BNB Chain’s tokenization solution significantly reduces the cost, time and labor required to tokenize assets, lowering the barrier to entry for small businesses seeking to leverage real-world asset tokenization.

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XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

RWA sector could reach $600B in next five years: BCG

A swathe of new research reports from major traditional financial institutions predicts outsized growth and adoption of real-world asset tokenization over the next few years. 

Real-world asset (RWA) tokenization is set for explosive growth over the next five years with assets under management potentially topping $600 billion by 2030, according to research papers from major traditional financial institutions. 

Global consulting firm Boston Consulting Group called RWA tokenization “the third revolution in asset management,” in an Oct. 29 paper.

“We see a pattern of growing investor demand in the tokenized funds space,” said David Chan, managing director and partner at BCG. 

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XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Tokenized US Treasuries Climb by $210M Since Crossing the $2 Billion Mark

Tokenized US Treasuries Climb by 0M Since Crossing the  Billion MarkSince surpassing the $2 billion milestone in tokenized U.S. Treasuries at the end of August, the sector has added another $210 million. The Blackrock USD Institutional Digital Liquidity Fund (BUIDL) still holds the top spot with a market cap of $531.88 million, reflecting a 3.32% rise over the last 30 days. Meanwhile, the Hashnote Short […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Sergey Nazarov Unveils Real World Asset Prediction, Says TradFi Will Flood Sector With Trillions of Dollars in Capital

Sergey Nazarov Unveils Real World Asset Prediction, Says TradFi Will Flood Sector With Trillions of Dollars in Capital

Chainlink (LINK) creator Sergey Nazarov says that traditional finance (TradFi) will flood the real-world assets (RWA) crypto sector with trillions of dollars. In a new speech at the TOKEN2049 conference in Singapore, Nazarov says that TradFi will ultimately be the largest customer of decentralized finance (DeFi). Nazarov says that he expects RWAs to overtake all […]

The post Sergey Nazarov Unveils Real World Asset Prediction, Says TradFi Will Flood Sector With Trillions of Dollars in Capital appeared first on The Daily Hodl.

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Real-world asset tokenization is the crypto killer app — Polygon exec

According to Colin Butler, financial institutions that don't embrace blockchain technology will lose their relevancy and competitive edge. 

Colin Butler, Global Head of Institutional Capital at Polygon Labs, believes that real-world asset tokenization for institutional clients may be the killer application for cryptocurrencies because it dramatically reduces costs and settlement time — becoming increasingly difficult for traditional financial institutions to ignore.

"This technology is a massive disruptor for the entire global financial system," Butler said — before outlining the capital efficiencies and business opportunities for all financial institutions embracing the shift to tokenized assets.

The Polygon executive explained that the cost-cutting benefits enable financial firms to consider new business models that were previously unfeasible due to highly competitive markets and slim margins.

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XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Unified Global Framework Crucial for Multi-Trillion-Dollar RWA Market, Says Finance Veteran

Unified Global Framework Crucial for Multi-Trillion-Dollar RWA Market, Says Finance VeteranThe real-world assets (RWAs) tokenization sector is predicted to become a multi-trillion-dollar market, but achieving this growth will likely require a unified global regulatory framework, according to Shy Datika, founder and CEO of INX. Datika, a veteran of both traditional and digital finance, argues that such a framework would not only provide clarity but also […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Canza Finance Partners With Stablecoin Issuer to Bring Efficient Financial Solutions to Africa

Canza Finance Partners With Stablecoin Issuer to Bring Efficient Financial Solutions to AfricaCanza Finance has partnered with stablecoin issuer WSPN to provide secure and efficient financial solutions to users in Africa and other emerging markets. With the integration of WUSD into Canza Finance’s ecosystem, African users will be able to smoothly convert fiat currencies to the WUSD stablecoin. Boosting RWA and Defi Adoption Africa-focused fintech firm Canza […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Memecoins, RWA, AI lead crypto narratives in Q2 2024

Memecoins, RWA and ARI captured 36% of all CoinGecko web traffic categories in the second quarter of 2024.

Memecoins, real-world assets (RWA) and artificial intelligence were the most popular narratives in the second quarter of 2024, based on CoinGecko’s website traffic.

CoinGecko released its latest crypto industry report on July 16, outlining key milestones and events in the crypto market in Q2 2024.

According to CoinGecko’s data, memecoins, RWA and AI were the top three narratives in Q2 2023, capturing as much as 36% of all CoinGecko web traffic categories during the quarter. The share is similar to Q1 2024, as noted in the report.

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XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

From Microstrategy to Gamestop — Backed Introduces 5 New Tokenized Equities

From Microstrategy to Gamestop — Backed Introduces 5 New Tokenized EquitiesBacked, a firm specializing in real-world asset (RWA) tokenization, has launched five new tokenized equities. The newly introduced tokens represent stocks of prominent companies, offering non-U.S. investors exposure to these assets via blockchain technology. RWA Firm Backed Launches 5 Tokenized Stocks Backed‘s new tokenized equities include bMSFT (Microsoft), bGME (Gamestop), bMSTR (Microstrategy), bTSLA (Tesla), and […]

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure

Chainlink (LINK) Creator Sergey Nazarov Says Real World Assets (RWAs) Are Next Big Trend in Blockchain

Chainlink (LINK) Creator Sergey Nazarov Says Real World Assets (RWAs) Are Next Big Trend in Blockchain

Sergey Nazarov, co-creator of blockchain oracle service Chainlink (LINK), says that one burgeoning sector of the digital asset space is set to become a leading trend. Nazarov tells his 150,000 followers on the social media platform X that real world assets (RWAs) look poised to become the next big trend in blockchain. The RWA trend […]

The post Chainlink (LINK) Creator Sergey Nazarov Says Real World Assets (RWAs) Are Next Big Trend in Blockchain appeared first on The Daily Hodl.

XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure