Huge week for tokenized RWAs as Fed preps DeFi, payment talks

The United States Federal Reserve announced that it volition soon big a league connected payments innovation and tokenization successful what is turning into a large week of developments for real-world plus (RWA) tokenization.

The Federal Reserve Board connected Wednesday announced that it volition big a league connected payments innovation connected Oct. 21, bringing unneurotic manufacture experts to sermon “how to further innovate and amended the payments system.”

The league volition diagnostic sheet discussions connected respective aspects of payments innovation, it stated. These see tokenizing fiscal products and services, converging accepted and decentralized concern (DeFi), emerging stablecoin usage cases and concern models, and the intersection of artificial quality and payments.

“I look guardant to examining the opportunities and challenges of caller technologies, bringing unneurotic ideas connected however to amended the information and ratio of payments, and proceeding from those helping to signifier the aboriginal of payments,” said Fed Governor Christopher Waller. 

The absorption connected RWA tokenization comes amid heightened Wall Street involvement successful tokenization pursuing the transition of cardinal stablecoin legislation successful July and a highest successful onchain worth for tokenized assets. 

RWA onchain worth hits ATH

It besides comes arsenic the onchain worth of tokenized real-world assets is astatine an all-time precocious of $27.8 billion, surging 223% since the opening of this year, according to RWA.xyz. Most of this is dominated by tokenized backstage recognition and US Treasury debt. 

Related: $400T TradFi marketplace is simply a immense runway for tokenized RWAs: Animoca

Ethereum remains the manufacture modular blockchain for tokenizing assets, with a marketplace stock of 56%, including stablecoins, and much than 77% if including layer-2 networks. 

Ondo Finance launches tokenized US banal platform  

Also this week, crypto oracle supplier Chainlink announced a concern with tokenization level Ondo Finance for its precocious launched Ondo Global Markets RWA platform, which was described arsenic “Wall Street 2.0”.

The inaugural brings much than 100 tokenized US stocks and exchange-traded funds onchain. 

Ondo Finance stated connected Wednesday that the caller platform, announced successful February, is present unrecorded connected Ethereum for non-US investors.

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