Circle to Issue Its Stablecoin USDC on Celo Network to Boost RWA Capabilities
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
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Tokenization
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
Entities providing tokenization tech have a limited track record and may contribute to increased risk, a new report by analysts at the credit-rating agency says.
The exchange-traded funds will allow better access to bitcoin through regulated entities and draw institutional investors, but the crypto is still a very small asset class, CoinDesk was told.
U.S. Treasuries are a gateway for tokenization efforts, and has grown to a $850 million market from $100 million over the past year, rwa.xyz data shows.
What to watch for in 2024, according to market analysts.
The government said its plans for a digital securities sandbox (DSS) were largely welcomed by respondents.
SocGen said tokenized bonds provide greater transparency and traceability, as well as speedier transactions and settlements.
After several years of being the next-big-thing, next year will be when tokenization of real-world assets really takes off, says Colin Butler, Global Head of Institutional Capital at Polygon Companies.
Blue-chip institutions including Goldman Sachs and J.P. Morgan are trialing digital asset offerings, seeking cost savings and efficiencies.
The Bureau of the Treasury has set a minimum target of 10 billion pesos.