Exploring DeFi, Tokenization & Real-world Assets Lending Protocol
Author: Dorothy ReyesTokenization is the management of tangible assets through the blockchain, thereby allowing direct asset transfers without brokers. This has been gaining popularity as it offers traditional institutions the opportunity to experience expedited asset transfer without the need to hold crypto. Systems like this are being created by large firms such as Coinbase, Binance, and JPMorgan. JPMorgan had a project running involving the use of Aave-permissioned pool to exchange tokenized Singapore dollars for Japanese yen, using ERC-20 token standards. They also incorporated Polygon's network to facilitate transfers and used MATIC as payment platform. Citibank strongly believes that tokenization could become one of the biggest use cases in blockchain related private markets, expecting the growth to be 80-fold.