Major financial players such as BlackRock, PayPal, and crypto firms like Circle, Tether, and Coinbase are increasingly adopting asset tokenization, with BlackRock leading in tokenizing tangible assets. Private credit was the first tokenized asset in 2020, paving the way for rapid growth in this sector. BlackRock and $BUIDL have surpassed Franklin Templeton's $FOBXX in the tokenized treasury market, with over $375 million in assets under management. Real-world assets are becoming the gateway for traditional financial institutions to enter the crypto space, with significant deposits in BlackRock's BUIDL and Franklin Templeton's $BENJI funds, and Tether planning a multi-chain tokenization platform.
Real-world assets will be the entry point for traditional financial institutions into crypto. 🔶 $375 million in deposits in @BlackRock's BUIDL fund. 🔶 $368 million in deposits in Franklin Templeton’s $BENJI fund. 🔶 @Tether_to to launch a multi-chain tokenization platform. 🔶…
🚀Adoption of RWA Tokenization continues.. BlackRock and $BUIDL overtook Franklin Templeton's $FOBXX as the largest tokenized treasury product on market with over +$375M in AUM. #RWA #Tokenization https://t.co/zV7NGa2bPJ
Everyday more assets are being tokenized. But most lack any measure of traction. So which asset is ready for a hockey-stick growth trajectory? ⬇ 1️⃣ History: Private credit were the first asset category to be tokenized onchain in 2020. Fuelled by an zero-interest environment,… https://t.co/866IXKrPgb
🔍 Fascinating insights on RWAs shaping the crypto landscape in 2024! BlackRock's commitment signifies a major shift towards tokenizing tangible assets, unlocking unprecedented opportunities across various sectors. 🌐 https://t.co/FizrzO7F1h
Incumbents Are (Successfully) Leveraging Asset Tokenization Today TradFi incumbents like BlackRock and PayPal, as well as “crypto incumbents”, like Circle, Tether, and Coinbase, are rapidly taking up market share from crypto-native protocols in key market sectors, such as… https://t.co/z0PLfH8UcU