Tokenization of RWAs Gets Push in Europe as AXA, Generali Buys SocGen’s Green Bonds on Ethereum
SocGen said tokenized bonds provide greater transparency and traceability, as well as speedier transactions and settlements.
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Tokenized Assets
SocGen said tokenized bonds provide greater transparency and traceability, as well as speedier transactions and settlements.
Tokenized versions of U.S. Treasuries grew nearly seven-fold so far in 2023 as competition between investment offerings and blockchain venues intensified.
The digital bond was issued on R3’s Corda blockchain, while global bank Citi and investment manager TD Securities assisted in the issuance.
Securrency provides institutions with blockchain-based regulatory technology on top of existing legacy systems to enable digital asset adoption in a compliant manner.
Tokenized real-world asset (RWA) marketplace Untangled Finance went live Wednesday on the Celo network after securing a $13.5 million venture capital boost to bring tokenized private credit to the blockchain, the company told CoinDesk.
The development follows the default of a $5 million loan on Goldfinch made to an African robotaxi company.
The market for tokenized U.S. Treasuries has grown sixfold this year to $666 million, according to a real-world asset data provider.
The tokenized Treasuries market has grown sixfold this year to $668 million, according to rwa.xyz data.
Perimeter Protocol, an open-source smart contract codebase dedicated to credit facilitation, is the first development of Circle Research.
DeFi giant MakerDAO has lent $1.8 million of DAI stablecoin to the tokenized credit pool under distress.