📢 Big news! Guggenheim Treasury Services, a subsidiary of financial giant Guggenheim Partners, has partnered with blockchain platform Zeconomy to issue $20 million worth of tokenized commercial paper on the Ethereum blockchain! This is another big step in the combination of blockchain and traditional finance (TradFi)!
A few weeks ago, German industrial giant Siemens AG also issued digital commercial paper through JPMorgan's Onyx and blockchain platform SWIAT. It seems that the tokenization of traditional financial instruments, namely real-world assets (RWA), has become a hot topic for TradFi companies to get involved in the crypto space recently.
According to research firm RWA.XYZ, the market has grown to a market value of $12 billion, including $2 billion in tokenized US government bonds. RWA is a new direction for Guggenheim, a company with up to $300 billion in assets under management (AUM)! Guggenheim has also been involved in the cryptocurrency ecosystem before, so this collaboration is not surprising.
So why are these big companies entering the tokenization market? Tokenization can not only improve the liquidity of assets, but also reduce transaction costs and improve transparency. This is undoubtedly good news for investors! However, there are still some uncertainties in the market and the regulatory environment is constantly changing, so everyone should remain cautious.
Dear friends, what do you think of the combination of traditional finance and blockchain? Do you think tokenization will be a trend in the future? Welcome to share your views and insights in the comment area, let's discuss together! 💬
In general, the cooperation between Guggenheim and Zeconomy marks the further penetration of blockchain technology in the traditional financial field. Although the market prospects are promising, we also need to remain rational and vigilant. Looking forward to seeing more such innovative cases, let us wait and see!
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