CoinVoice recently learned that according to CoinDesk, RWA tokenization company Digital Asset said on Tuesday that it had 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 UK 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 in an optimistic scenario, the market value of tokenized assets will exceed $10 trillion by the end of the decade, while McKinsey predicts in its base case that it will reach $2 trillion by then. [Original link]
