Founded in the fall of 2023 by Aave, Centrifuge, Circle, Coinbase, Base, RWA.xyz, and others, TAC currently brings together over 40 leaders in the tokenization space.
Author: Tokenized Asset Coalition
Compiled by: TechFlow
Today, the Tokenized Asset Coalition (TAC) released its second State of Tokenization Report, a comprehensive industry analysis featuring data and insights from a diverse group of TAC members.
Additionally, TAC announced that it welcomes 21 new members as part of its second cohort, selected from a pool of more than 175 applicants.
The Tokenized Asset Alliance advocates for the adoption of public blockchains, asset tokenization, and institutional decentralized finance (DeFi) to significantly change the way capital is formed, invested, and managed on-chain.
Founded in the fall of 2023 by Aave, Centrifuge, Circle, Coinbase, Base, RWA.xyz, and others, TAC currently brings together over 40 leaders in the tokenization space.
The 2024 report examines the role of regulation in adoption, the rise of institutional investors moving assets onto blockchain, and the latest innovations in the industry. Highlights include:
Major institutions such as McKinsey, Citibank, and Standard Chartered predict that the tokenized asset market is expected to reach $2 trillion to $30 trillion in the next decade.
The total value of tokenized assets (Real-World Assets, RWAs) is currently $176 billion, or close to $15 billion when excluding stablecoins, involving more than 150 tokenized asset issuers and more than 20 public blockchains.
A Coinbase survey of Fortune 500 executives showed that 56% of companies are working on on-chain projects.
While much of the attention has been focused on tokenized Treasuries, private credit accounts for a major share of the Total Value Locked (TVL) in tokenized assets — with nearly $9 billion in active loans currently.
Tokenized metals are also growing, with a market cap of more than $960 million and approaching $1 billion.
The report showcases the latest innovative products from members including Coinbase, Centrifuge, Provenance Blockchain, Solana, Securitize, Chainlink Labs, Ondo, and more.
Please visit the following webpage to download the full report: RWA.xyz Blog - Tokenized Asset Alliance’s 2024 Industry Update.
The new organizations span multiple industries, including venture capital, financial services, decentralized finance (DeFi), asset management, and fintech. New members include a16z, Aptos Labs, Offchain Labs, Axelar Foundation, Chronicle, Etherfuse, Flow Traders, Galaxy Digital, Hashnote, Injective, Kinto, Matrixdock, Mercado Bitcoin, Metawealth, Nayms, Noble, Oasis Pro, Plume, Pyth, and WisdomTree. A full list of members can be found at tokenizedassetcoalition.com.
All members will join TAC working groups, participate in events, produce unique content, and contribute to the continued adoption of tokenized assets. As membership continues to grow, TAC will become more robust with more experience and expertise.
The Alliance invites all interested organizations to apply to join the Alliance and contribute to the transformation of the financial landscape. By working together, a new era in global finance can emerge in terms of efficiency, transparency and accessibility.
About the Tokenized Asset Coalition
The Tokenized Asset Alliance aims to unite the traditional and crypto-financial systems under the shared belief that many assets will eventually move to the chain. By addressing the inefficiencies, lack of transparency, and fragmentation in the current financial infrastructure, the Tokenized Asset Alliance aims to lead the next wave of digital transformation. Founding Alliance members include Centrifuge, Circle, Coinbase, Base, Credix, Provenance Blockchain Foundation, Goldfinch, and RWA.xyz, and are committed to educating and advocating for shared principles and best practices, and building the future on-chain infrastructure.
Contact Details
Keith Chapman keith@chappublicrelations.com
