The creator of Base, the blockchain of top US-based crypto exchange Coinbase, says that the company’s stock (COIN) could soon become available on-chain. In a new thread on the social media platform X, Base developer Jesse Pollak says that eventually, every asset in the world will be on Base, including COIN. However, Pollak notes that […]
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Real-world asset tokenization could become a multitrillion-dollar industry by 2030, according to Boston Consulting Group.
Solana-based real-world asset (RWA) platform Agridex has facilitated its first onchain coffee trade, a move it said could open the door to more cost-effective agricultural commodity transactions.
The transaction was executed by Tiki Tonga Coffee, a United Kingdom-based coffee brand, which exported premium coffee from its home country to South Africa. The payment was made in South African rands and settled in British pounds using the Agridex blockchain.
Tiki Tonga claims the transaction only carried a 0.5% transaction fee, which is a fraction of the 5%–7% fee on typical cross-border transactions involving agricultural commodities. The settlement was also instant, versus the typical five-to-12-day turnaround times using traditional systems.
US-based crypto exchange Coinbase says there will be five main trends to watch in the digital asset markets next year. In a new “Crypto Market Outlook” report, Coinbase starts its list with stablecoins, saying that they’re “just getting started” after the sector’s explosive growth in 2024. Coinbase says stablecoins are crypto’s “killer app” and their […]
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According to RWA.XYZ, BlackRock's US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.
Securitize, the brokerage firm for the tokenized BlackRock US dollar Institutional Digital Liquidity Fund (BUIDL), has submitted a Frax improvement proposal to add BUIDL as backing collateral for the Frax USD stablecoin.
According to the improvement proposal, using BUIDL as a collateral reserve asset provides yield opportunities, deeper liquidity and transfer options, and reduced counter-party risk due to the backing of the world's largest asset manager, BlackRock.
The proposal is still subject to a community vote before BUIDL — which invests in United States government securities — is added as a reserve asset for the proposed Frax USD stablecoin.
New data from market intelligence platform Santiment reveals that Chainlink (LINK) is leading the real-world assets (RWA) sector in terms of recent development activity. In a new post on the social media platform X, Santiment says the nascent sector is being led by the decentralized oracle network followed by Ethereum (ETH)-based synthetic asset creator Synthetix […]
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The tokenization of real-world assets is growing at a rapid pace with assets exceeding a combined value of $13 billion. Interest in Tokenized U.S. Treasury Market Heating Up The tokenized U.S. Treasury market has reached $2.5 billion in value, reflecting a rapid embrace of blockchain technologies for digitizing traditionally illiquid real-world assets (RWAs). This is […]
The Bank of Russia’s report highlights the potential benefits of tokenizing real-world assets but also emphasizes the need for a clear regulatory framework. Expanding the Value of Traditional Assets While tokenization has the potential to increase liquidity for real-world assets, among other benefits, a Bank of Russia report notes that Moscow’s legal framework for tokenization […]
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.
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.
Since 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 […]