Federal Reserve Releases Working Paper Exploring #AssetTokenization and #RWA.
26 Sep 2023, 14:56
🏛️📑 Federal Reserve Releases Working Paper Exploring #AssetTokenization and #RWA
The paper reports that the market value of tokenized assets on permissionless blockchains is estimated at $2.15 billion as of May 2023.
Asset tokenization provides access to previously inaccessible markets like #realestate, allowing investors to acquire shares in specific properties, enhancing efficiency through programmable nature and smart contract capabilities.
Tokenizations offer a new financing option by using tokens as collateral, enabling faster settlement processes in the financial industry compared to traditional reference assets.
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