Real-World Tokenization Is Surging as TradFi Grows More Receptive to Blockchain

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Some banks and brands are flocking to real-world assets (RWA) in the form of digital tokens on the blockchain. Industry watchers say tokenzation of RWA can enable more efficient transactions and boost accessibility. _jocelynyang_ reports

that issuers distributed around $1.5 billion in digital bonds on the blockchain in 2022, up from just a few bonds the previous year.

“If you think about traditional corporate bond issuance, for example, there's a lot of paperwork and tracking,” Barbosa told CoinDesk in an interview. “You’d have to have a bond certificate. When you tokenize these assets you can increase the usability of the assets because you can support automation with smart contracts platforms and put important information on these assets ... where in the past maybe you had to go with a third party or a middleman.

“If you're creating technology and platforms that allow more people to participate in the economy, it's going to have a positive impact on the economy,” she added.Bob Ras, co-founder of the exchange and digital asset ecosystem Sologenic, said tokenized real-world assets also account for fractional ownerships more efficiently and generate faster settlement times.

 

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By leveraging the power of blockchain technology, these firms can create efficiencies and unlock value that was previously unavailable in traditional markets. We're excited to see the continued growth and adoption of this trend in 2023 and beyond.

(1) - BlackRock is also looking at tokenisation of market securities. (2) - Stellar is part of the CFTC Global Advisory Committee, in conjunction with BlackRock & JP Morgan. (3) - Stellar is built for tokenisation of assets. STELLAR XLM

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hedera perfectly positioned for this trend!

We’re tokenizing real estate to enable remote workers to explore the world while gaining home ownership 🏠

It will be good to see more use cases beside the tokenization of securities.

Finally, institutions are becoming more comfortable with the new tech! PolymeshNetwork is well prepared for this task 💪💪.

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yup. this is a necessary step in building out proper tokenized supply chains. the potential here is basically limitless.

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And Solana is on the forefront of this!

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