“Tokenization is One of the Principal Use Cases of Blockchain Technology Attracting the Attic and Investment of the Tradfi World”, – WRITE: www.coindesk.com
R3, A UK Developer of Blockchain Technology for Financial Institutions, Is Teaming Up with the Solana Foundation to Bring the Former’s Clients and Their tokonized Real-Worlds.
Through ITS BLOCKCHAIN PLATFORM, CORDA, R3 Holds Over $ 10 Billion in Assets and Councils The Likes of HSBC, Bank of America, Bank of Italy and The Monetary Authority of Singapore.
Tokenization, The Term for Minting Real-World Assets Such As Stocks and Bonds As Digital Tokens That Can Be Traded On Decentralized Networks, Is One of The Principal Tose. Attention and Investment of the Tradfi World.
A recent report by Boston Consulting Group and Crypto Payments Company Ripple Said the Tokenization Market Could Reach $ 18.9 Trillion by 2033.
R3’s AIM is to Supercharge the Scale and Liquidity of the Tokenized Asset Ecosystom by Making the Assets Available on a Public Blockchain Like Solana.
The Total Value of Assets Held on Solana May Be Dwarfed by Ethereum, But It Processes More Transactions and Has More Active Addresses.
“As The World’s Most used Public Blockchain, Solana … [is] The Ideal Foundation for the Next Generation of Regulated Digital Finance, “R3 Said in and Announcement on Thursday.
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