Quote from The Defiant:

" Tokenization continues to garner serious momentum.

On Sept. 17, Hedera, a distributed ledger technology network, launched its asset tokenization studio to promote the proliferation of real-world assets (#RWAs ) on its network.

The studio comprises an #opensource toolkit facilitating the configuration, issuance, and management of tokenized RWAs such as bonds and equities. The studio offers turnkey features supporting the issuance of bond coupons, stock dividends, permissioned whitelisting, and compliance with jurisdiction-specific regulations.

The toolkit allows developers to launch applications supporting token minting, transfers, and redemption, and features integrations with #Metamask and Hedera #WalletConnect to enable users to sign transactions.

“By lowering technical barriers to the tokenization of bonds and equities… the asset tokenization studio will contribute to the growth of Hedera’s RWA ecosystem and facilitate the on-chain migration of capital markets with a focus on compliance,” said Dr. Sabrina Tachdjian, head of fintech and payments at Hedera’s HBAR foundation. “This initial release is a starting point as the asset tokenization studio will grow to reflect the demand for additional features, asset classes, and jurisdictions.”

Hedera described the toolkit as an alternative to Ethereum’s ERC-1400 standard, which typically requires off-chain asset management. By contrast, Hedera’s studio enables fully on-chain asset tokenization.

This launch comes amid growing interest in tokenized assets. An EY Parthenon survey in August 2023 found that 77% of institutional and high-net-worth investors are already involved in or exploring tokenized assets.

BIS Project #Agora attracts 41 new members

On Sept. 16, the Bank for International Settlements (BIS), an international institution comprising global central banks, announced that 41 finance firms joined Project Agorá — a tokenization initiative launched by BIS and seven central banks — as part of its design phase.

The firms will collaborate with central banks on designing mechanisms for integrating tokenized commercial bank deposits with tokenized central bank digital currencies (CBDCs) on a unified ledger.

The project seeks to streamline cross-border payments, focusing on customer verification and anti-money laundering (AML) processes."

Source:
https://thedefiant.io/news/tradfi-and-fintech/hedera-launches-asset-tokenization-studio-amid-global-rwa-push