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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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.
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.
Superstate’s new offering comes after its first tokenized fund of short-term U.S Treasury bills, which debuted earlier this year.
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.
The overall market of tokenized U.S. Treasury products has reached $1.8 billion, up from $780 million in January, rwa.xyz data shows.
Tokenization adoption will happen in waves led by assets such as mutual funds, bonds, loans, McKinsey said in a report.
Private credit has been at the forefront of crypto’s asset tokenization trend with over $600 million outstanding on-chain assets.
Ironlight, helmed by the former global head of trading of Schroeder and Abu Dhabi’s sovereign wealth fund ADIA with the ex-CEO of TD Bank as an adviser, aims to be a premier tokenization, listing and trading ecosystem for real-world assets targeting big investors.