🎉 Welcome to a new#tokenizationfirst! @infineogroup issues the world's first tokenized life insurance policies. Infineo has already minted $9.4 million worth of life#insuranceon Provenance #Blockchain. The policies were tokenized in collaboration with ProvLabs. ▶️ https://t.co/2ZbKly5ARi 🚀

Infineo's push comes as traditional capital markets and crypto become increasingly intertwined. Institutions are placing old-school financial products such as loans, bonds, and private equity on blockchain networks in the form of tokens. This process is often referred to as the tokenization of real-world assets (RWA), and the Bank of America report notes that this process can transform and disrupt legacy financial systems. Participants hope that tokenization can create more efficient systems, speed up settlements and increase transparency. 😎

Infineo noted that the $3 trillion life insurance market could benefit from blockchain rails, for example, by protecting policyholders and beneficiaries from over $7 billion in unclaimed benefits. 🚄

We are waiting your comments! What do you think about DeFi and Web 3? Want to join this wave of tokenization? 🤔#blockchain#crypto#DeFi#Web3