According to Odaily, Axelar Foundation has teamed up with Citibank, Deutsche Bank, Mastercard, Northern Trust, and Centrifuge to explore ways to improve the accessibility and liquidity of tokenized assets. The joint research report, released by Axelar Foundation and Metrika, titled 'Institutional Interoperability: How Financial Institutions Can Navigate a Multi-Chain World', discusses the need for flexibility, privacy, transparency, and scalability in dealing with tokenized assets.
Tokenized assets are blockchain representations of financial assets such as real estate, currency, and securities. A recent report by Boston Consulting Group and market operator ADDX predicts that the value of tokenized assets will reach several trillion dollars within a decade. All institutions involved in the report emphasized the need to establish an interconnected network model that includes multiple blockchains and traditional systems to realize this potential.
