Tokenized Asset Issuer Backed to Offer Crypto RWAs in LatAm with eNor Securities
ENor Securities, an exchange based in El Salvador, will offer Backed’s bTokens to retail investors in Latin America.
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Real World Assets
ENor Securities, an exchange based in El Salvador, will offer Backed’s bTokens to retail investors in Latin America.
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.
The $420 million OnChain U.S. Government Money Market Fund was previously available on Stellar and Polygon.
This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by OpenEden and other issuers.
The company already runs nodes on multiple blockchain networks and is considering bitcoin mining plans, its web3 head revealed last month at a conference.
Coinbase Asset Management is getting into tokenized money-market funds. (Robert Nickelsberg/Getty Images)
Ethena’s proposal to allocate funds to tokenized real-world assets for yield follows similar actions by crypto lender MakerDAO and Ethereum layer-2 Arbitrum’s development organization.
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.
Whether to hedge against crypto volatility, add utility and efficiencies, or streamline access to alternatives, tokenized RWAs make sense for investors and institutions alike.