Digital Asset’s project has successfully completed a pilot initiative to tokenize UK bonds, Eurobonds and gold for financial transactions using the Canton Network protocol.

- The pilot involved Euroclear, World Gold Council and Clifford Chance, as well as banks, investors and a central depository.

- Tokenization allows assets to be used in a digital format, speeding up trades and increasing transparency.

- Forecasts suggest that the volume of tokenized assets could reach $10 trillion by the end of the decade.

Kelly Matheson of Digital Asset noted that tokenized assets can be used instantly for margin calls, bypassing traditional settlement cycles and time zones.

Mike Oswin of the World Gold Council added that tokenizing gold removes storage restrictions and makes it easier to use as collateral.