Real-world assets platform TVVIN leverages Polkadot to scale gold tokenization

Real-world assets (RWAs) tokenization level TVVIN has expanded to Polkadot arsenic portion of its strategy to go an omni-chain platform.

In a May 29 statement, the level revealed it was launching its London Bullion Market Association (LBMA)-certified golden token (VVG) and its level inferior token (TVVIX) connected Polkadot.

Why Polkadot?

By expanding to Polkadot, TVVIN aims to summation the availability of its RWA tokens crossed assorted blockchains, boosting flexibility and integration capabilities. This strategical displacement volition besides alteration easier integration with different chains similar Cardano.

Darko Mijic, CPO astatine TVVIN, further explained:

“This determination leverages Polkadot’s strengths to heighten scalability, security, and interoperability for our RWA tokenization platform.”

The enlargement to Polkadot besides offers TVVIN respective advantages, including broad plus management, enhanced stableness and security, debased transaction fees, Polkadot-native USDC and USDT, seamless integration, EVM compatibility, wallet support, multi-signature solutions, and trustless bridges.

TVVIN plans to leverage Polkadot’s unsocial shared strategy to execute scalability and interoperability. This volition broaden the inferior and adoption of its tokens connected Polkadot. It added:

“With 50 parachains presently operating connected Polkadot, our RWA tokens tin beryllium charismatic to galore parachains and decentralized applications (dApps) moving connected those parachains arsenic treasury and DeFi assets.”

RWA tokenization

TVVIN’s caller determination highlights RWA tokenization trends successful the integer plus industry. Major crypto firms, planetary banks, and plus absorption giants person been striving to digitize accepted fiscal instruments specified arsenic bonds, funds, and credit.

Chainlink enforcement Niki Ariyasinghe precocious highlighted that large fiscal institutions are gearing up to leverage the vast opportunities of tokenization. These institutions are moving from palmy testnet pilots to launching their platforms connected the mainnet, mounting the signifier to enactment trillions of dollars successful tokenized assets.

A study by plus manager 21.co predicted that the RWA marketplace could scope $10 trillion by 2030. According to data from CryptoSlate, the full marketplace headdress of assets successful the RWA assemblage presently stands astatine $41.2 billion.

The station Real-world assets level TVVIN leverages Polkadot to standard golden tokenization appeared archetypal connected CryptoSlate.