APS, a fund manager from Europe, purchased $3.4 million in tokenized real estate through MetaWealth. After this step, the fund manager made the first direct institutional purchase of retail-accessible tokenized assets. APS is the manager of 12 billion euros or $13.7 billion in assets, bought 3 million euros or $3.4
Tokenization is perhaps the most interesting application of blockchain technology, with the potential to disrupt the way we own, transfer, and exchange real-world assets (RWAs). From property to art, stocks, and commodities, pretty much any asset can be tokenized on a blockchain. This transformation has the potential to free up
Galaxy Digital officially began trading on the Nasdaq exchange on May 16. The stock opened at $23.50 per share under the ticker GLXY, following a direct listing. The crypto and AI-focused company had previously traded on the Toronto Stock Exchange since 2020. CEO Mike Novogratz called the listing process “unfair
The U.S. Securities and Exchange Commission (SEC) is preparing for a high-profile roundtable on May 12, bringing together leaders from BlackRock, Nasdaq, Fidelity, Robinhood, and more to discuss tokenization and decentralized finance (DeFi). Hosted at the SEC’s headquarters in Washington, D.C., the event, titled “Tokenization — Moving Assets Onchain: Where
Goldman Sachs is stepping deeper into the crypto space, with plans to expand its services to include cryptocurrency trading, lending, and tokenisation. Mathew McDermott, Goldman Sachs’ global head of crypto, unveiled the company’s new digital asset strategy through a keynote speech at TOKEN2049, one of the most prominent crypto events.
With the skyrocketing adoption of blockchain technology, the term tokenization has gained massive attention, and in simple terms, it is described as turning real-world assets like artwork, houses, gold, or even money into a digital token on blockchain. According to a report by Deloitte, tokenized real estate will reach $4
The RWA tokenization trend started last year, bringing new applications to blockchain technology. The tokenization of physical assets will move various traditional industries onto blockchain. This space has not been making much noise for the past few months. However, a recent report explored the real growth of asset tokenization in
Archax, a UK-regulated cryptocurrency exchange and custodian, is venturing into the tokenization of real-world assets (RWAs). Today, the platform announced plans to offer tokenized money market funds from three global financial giants—State Street, Fidelity International, and Legal & General Investment Management (LGIM). This marks a significant step in Archax’s mission
The Monetary Authority of Singapore (MAS) is planning to advance tokenization within financial services through a series of new regulatory measures. These initiatives are designed to foster commercial networks, enhance market infrastructure, and establish standardized frameworks for tokenized assets. Besides, the MAS is facilitating the commercialization under Project Guardian by
The real-world asset (RWA) tokenization sector is expected to grow remarkably, with estimates predicting an increase of up to 50 times by 2030. A recent report by Tren Finance indicates that the market size could soar from its current valuation of approximately $185 billion to between $4 trillion and $30
