The tokenization of real-world assets (RWAs), including equities such as stocks and bonds, is gaining traction within the financial industry. Leading Wall Street figures have presented their case to the U.S. Securities and Exchange Commission (SEC) on the potential of tokenization to unlock a trillion-dollar market. This trend involves bringing traditional financial assets like Tesla, Apple, and Nvidia stocks onto blockchain platforms, enabling 24/7 trading and settlement. Major financial institutions are exploring blockchain technology to improve market access and reduce administrative costs. The total value of RWAs tokenized on-chain recently surpassed $22 billion, marking a notable increase in adoption compared to previous years when public companies and institutions rarely tokenized assets. The growing presence of tokenized equities is seen as a key development in the evolution of internet capital markets and the broader cryptocurrency industry.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io