Securitize's tokenization platform has integrated wormhole cross-chain protocols to bring cross-chain capabilities to all assets tokenized through the Securitise platform, Securitise said in a Sept. 20 announcement.
Real World Assets (RWAs), which include tokenized claims on financial assets, commodities or art, have become one of the most popular segments of the cryptocurrency market, but limitations regarding data transfer capabilities between #blockchain networks and wallets have held back their adoption.
To unlock the potential of blockchain technology, tokenized securities must thrive on a public, permission-free blockchain,
' said Carlos Domingo, CEO of Securitize, in a statement.
Securitize said the integration aims to enable transactions in seconds and pennies and foster the development of a cross-chain RWA ecosystem.
Wisdom Tree will launch its RWA platform on Sept. 18, which will eventually allow users to access the operator's RWA tokens from any type of wallet or blockchain network. Franklin Templeton has similar plans, as the asset manager told Cointelegraph in July.
Securitise sells RWA tokenization as a service to institutional investment managers such as BlackRock, Hamilton Lane Investcorp and KKR. According to Securitize's website, the company has invested about $1 billion in RWAs and is registered with U. S. regulators as a broker-dealer, transfer agent and alternative trading system (ATS).
The trading volume of tokenized RWAs already exceeds $12 billion in TVL (Total Value Locked), according to RWA. xyz. According to Colin Butler, Polygon's global head of institutional capital, he told Cointelegraph in August that the market size is $30 trillion.
the largest tokenized investment funds by assets under management (AUM) are BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Franklin OnChain US Government Money Fund (FOBXX) with AUM of about $520 million and $430 million, respectively.
According to RWA. xyz, #Ethereum dominates RWA in terms of total blockchain value (TVL), which was around $ 9 billion as of Sept. 20.
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