BlockBeats news, October 2, according to CoinDesk, RWA tokenization company Digital Asset said on Tuesday that it has completed a pilot program to use the Canton Network protocol to tokenize British bonds (gilts), European bonds and gold for financial transactions. Major securities settlement providers Euroclear, the World Gold Council and global law firm Clifford Chance also participated in the process with other banks, investors, custodians and a central securities depository.
In a pilot from June to July, the project created digital representations of gilts, Eurobonds and gold for use as collateral, with greater transparency, faster transfers and 24/7, near-instant settlement between parties, without the delays associated with traditional financial rails. The report by Boston Consulting Group and 21Shares predicts that the market value of tokenized assets will exceed $10 trillion by the end of the decade in an optimistic scenario, while McKinsey predicts $2 trillion by then in its base case.
