📣 Blockchain Buzz: Tokenization of real-world assets (RWA) is gaining traction in the financial world, with industry giants like BlackRock leading the way. Their tokenized money market fund, $BUIDL, saw a 5.93% increase in net inflows, closing out June 2024 at over $483M in AUM.
Tokenization, powered by blockchain, is proving its worth in efficiency and utility. From being used as collateral to secure loans, to funding portfolio companies, the potential uses are vast.
In other news, Broadridge reported $1M savings for every 100K repo transactions, and Onyx by JPMorgan cut portfolio rebalancing from 3,000 steps to a few clicks.
What's more, a hypothetical security token bundle of all RWAs tracked by Security Token Market outperformed the CoinDesk 20 Index in June 2024, closing at +13.73% versus the index’s -11.74%.
What do you think about the rise of tokenized assets? Share your thoughts in the comments below! 👇