“The UK-Regulated Digital Asset Platform Has Integrated Stellar Into Its Tokenization Tool and Launched the ABERDEENZED MONEY MONEY MARKET FUND on the Network.”, – WRITE: www.coindesk.com
BLOCKCHAIN, INVESTED IN UK-Based Digital Asset Exchange and Tokenization Firm Archax as Part of A Broader Partnership to Boost Tokenized Real-World Assets
(Rwas)
The FIRMS SAID IN A Press Release Shared with Coindesk.
Archax Has Already Started Using Stellar, Integration The Network Into It In-House Tokenization Platform and Launcing A Tokenized Aberdeen Money Market Fund.
The FIRMS DIDNN’T DISCLOSE The SIZE OF THE INVESTMENT.
The Deal ComESS as tokenization of Traditional Financial Instruments Like Bonds, Funds and Stocks, Often DubBed Real-World Assets (RWA), Is Gathering Speed. Global Banks and Asset Managers Are Exploring this Technology to Cut Settlement Times, Increase Transparency and Keep Markets Open Around the Clack. The tokenized Rwa Market Has Doubled Over Year to $ 26 Billion and Is Projected to Grow Into A Trillion-Dollar Market by 2030, Accounting To Reports by Mckinsey, Rip.
“The Stellar Network Was Purpose Built to Enable Fast Settlement Times, Low Costs, and The Tokenization of Real-World Assets that Is The Future of Finance,” Said Raid Raja Chakravort Development Foundation. ”
Archax Acquired Bafin-Regulated Deutsche Digital Assets Last Month in A Bid to Expand Into Crypto Exchange-Traded Products in Europe.
Read More: Real-World Asset Tokenization Market Has Grown Almost Fivefold in 3 Years
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The USDC Stablecoin Issuer Last Week SAID IT IS BUILDING ITS OWN BLOCKCHAIN FOCUSED ON STABLECOIN FINANCES.
- Circle Has Acquired Consensus Engine Malachite from Development Firm Informal Systems to Support Its New Stablecoin-Focused Blockchain Arc.
- Several Informal Systems Employees Will Join Circle, But The Acquisition’s Financial Details Were Not Disclosyd.
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