Coinbase Asset Management Plans Tokenized Money-Market Fund, a Hot Area After BlackRock’s BUIDL Success: Sources
Coinbase Asset Management is getting into tokenized money-market funds. (Robert Nickelsberg/Getty Images)
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Real World Assets
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.
The firm will tokenize the real estate assets in several tranches.
Forget million-dollar profile pictures, the real innovation of NFTs is ownership rights. This technology still has potential to transform industries, says Layne Nadeau, Founder and CEO of Nval, a pricing and analytics platform for NFTs and other assets.
Tokenization adoption will happen in waves led by assets such as mutual funds, bonds, loans, McKinsey said in a report.
This was the first example of transferring tokenized versions of life insurance policies, the company said.
Chainlink (LINK) has been trending year-over-year, fueled by the real-world assets (RWA) narrative, attracting retail investors and increasing in price. … Continue reading
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