What happened?
The blockchain BNB Chain has launched a one-stop tokenization service to assist individuals and businesses in entering the RWA (real-world asset tokenization) space.
Users can convert physical assets such as real estate, art, commodities, etc., into tradable tokens issued on the BNB Chain. Businesses can also issue their own tokens through the platform.
By 2030, the RWA market size could reach between $2 trillion to $10.9 trillion, and this solution hopes to help businesses reduce cost inputs and quickly enter the market.
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BNB Chain launches one-stop tokenization service
The world's largest cryptocurrency exchange, Binance, supports the blockchain BNB Chain, which has launched a one-stop tokenization service to assist individuals and businesses in entering the RWA (real-world asset tokenization) field.
🎧 RWA means tokenizing tangible and intangible assets in the real world, such as watches, real estate, wine, cards, and bonds, creating a virtual counterpart in the on-chain world, with value linked to the original. Click here to learn more about (RWA).
According to BNB Chain's announcement, the service has introduced compliance tools that offer clear and straightforward guidance steps, including asset tokenization and on-chain minting of tokens, allowing users to complete the tokenization process without a technical background.
The tokenization service includes physical asset tokenization and company tokenization, where the former allows users to convert physical assets such as real estate, art, commodities, etc., into tradable tokens issued on the BNB Chain. This way, traditionally indivisible assets can be divided into multiple tokens for market trading, enhancing asset liquidity.
The company tokenization service allows businesses to issue their own tokens through the platform, becoming an innovative operational method for enterprises. Whether the tokens are used for loyalty programs or membership systems, they can diversify the user experience.
BNB Chain's one-stop tokenization service can reduce resource investment for small and medium-sized enterprises and lower the threshold for entering the blockchain market. BNB Chain hopes to attract more new users into its ecosystem through this service, promoting the large-scale adoption of Web3 technology.
Why is the RWA field worth paying attention to?
In fact, BNB Chain's tokenization solution is just one of many innovations driving the 'on-chain physical assets' movement.
The DeFi (decentralized finance) platform Tren Finance released a report on 'real-world asset tokenization' last month, indicating that by 2030, the market size could reach between $2 trillion to $10.9 trillion, becoming an important growth area in the fintech market.
Therefore, in addition to native Web3 companies, many traditional financial institutions are also actively positioning themselves in the tokenization market. For example, financial giant Visa announced in October the launch of a new platform, the Visa Tokenized Asset Platform (VTAP), to help financial institutions mint, burn, transfer, and settle stablecoins and central bank digital currencies on the blockchain.
VTAP will provide a complete infrastructure for institutional investors and central banks, allowing banks to let customers purchase tokenized goods or treasury bonds and experience real-time settlement on the blockchain, shortening traditional financial transaction times.
In addition to Visa, BlackRock, Franklin Templeton, J.P. Morgan, and even various central banks have also begun exploring real-world asset tokenization.
Jimmy Zhao, a senior solutions engineer at BNB Chain, pointed out that BNB Chain's one-stop tokenization service aims to help businesses enhance asset liquidity and create new revenue sources through tokenization solutions, improving brand competitiveness in the digital economy.
[Disclaimer] The market has risks, and investments should be made cautiously. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investing based on this is at your own risk.
This article is reprinted with permission from: (Web3+)
