Tokenization of real-world assets (RWAs) is gaining momentum in the financial and investment sector, according to a report from the World Economic Forum (WEF). The WEF outlined the benefits of using blockchain technology for tokenizing assets, including shorter settlement cycles, improved liquidity, and reduced systemic risks. Euroclear, the World Gold Council, and banking regulators in Hong Kong and England are among those exploring the tokenization of RWAs. However, privacy and security concerns remain a challenge for mainstream adoption. Experts predict that the tokenization of RWAs could become a $15 trillion to $30 trillion market within a decade.



Other News from Today