HSBC, a banking powerhouse, has created a blockchain-based real-world asset in the form of a gold token for retail investors, marking a significant move in the traditional finance sector. The token, minted on HSBC's Orion digital assets platform, is now available in Hong Kong. This innovative step by HSBC highlights the increasing adoption of Real World Assets (RWA) in the financial industry, with other institutions like BlackRock also getting involved in RWA investments.
Banking giant HSBC has become the first bank to issue a blockchain-based real-world asset with the launch of its new tokenized gold investment product https://t.co/IU06lx5iNb
Hong Kong wants to become an international center for digital assets to bolster its status as a financial hub. Banking giant HSBCβs launch of a tokenized gold product is the latest step in the strategy. https://t.co/dVH2BOtjr4
for fun, predicted leading altcoin narratives for each month for the rest of the year April: Solana + Memes May: SocialFi + NFTs June: RWA + DePin July: Gaming August: altVM rollups September: Artificial Intelligence October: [Redacted] November: L1s December: ETH & DeFi
What are Real World Assets #RWA A 𧡠According to a report by Boston Consulting Group, the on-chain RWA market is projected to reach US$4 trillion to US$16 trillion by 2030. Real-world assets (RWAs) utilise #blockchain to track assets, with performance derived from sources⦠https://t.co/MUOBfm4uiP
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BlackRock and Coinbase just invested in RWA! People who tracked their invests made $MATIC - 300x, $APT - 90x For 2 weeks, I was researching all their RWA picks and partnerships Here're their 50 RWA coins with 10-100x potential π§΅π https://t.co/A082FKesKX
Smart money is shifting to #RWA, following the path of success seen with ETFs. If you missed out on AI, this thread is your guide to what's next. Prepare for the future beyond AI with these 5 must-know altcoins in the RWA space. 𧡠https://t.co/LrFsE9eyTf
Hong Kong claims bragging rights as the first bank to create a blockchain-based real-world asset aimed at retail! That and other news headlinesππ½ https://t.co/w55lIKV0ss
ποΈ HSBC brings its tokenized gold product to Hong Kong ποΈ @Fetch_ai, @SingularityNET and @oceanprotocol agree to combine crypto tokens @JennSanasie has today's top crypto headlines on "CoinDesk Daily" π https://t.co/XbjA7lDftL
Over the past couple of months, tokens in the AI, DeFi, Memecoin, and most recently, RWA categories have each made an impact with positive price action π Which narrative do you think will ride the next wave? π https://t.co/akngt1UJO3
π The institutional adoption of #RWAs is accelerating! HSBC has just hit the headlines as the first bank to create a RWA for retail. This groundbreaking move signals a major shift in #TradFi, paving the way for RWA mainstream adoption. https://t.co/CueQAfGMmM $CPOOL
π The institutional adoption of #RWAs is accelerating! π¦ HSBC has just hit the headlines as the first bank to create a blockchain-based real world asset aimed at retail investors. This groundbreaking move signals a major shift in #TradFi, paving the way for RWA mainstreamβ¦
HSBC is tokenizing gold for retail investors in Hong Kong and Galaxy Digital reported net income of $302 million for the fourth quarter of 2023. @LedesmaLyllah reports in First Mover Americas. https://t.co/kWeW8jsyMh
Just In: HSBC becomes the world's first global bank to offer blockchain-based Gold tokens. #HSBC #GoldToken #DigitalAsset https://t.co/Zz4gCYbLDg https://t.co/v0dEmzRGcF
HSBC releases its HSBC Gold Token, minted on its Orion digital assets platform, via its online banking and app, after testing the service in November 2023 (@ianallison123 / CoinDesk) https://t.co/SVKOIIHaJ5 π« Subscribe: https://t.co/OyWeKSRpIM https://t.co/pOXTtwrTOE
π ELYSIA is skyrocketing in the RWA space! π With RWA merging into blockchain, a new horizon of investment opportunities emerges. π ELYSIA is at the forefront, simplifying RWA investment for all. Following BlackRock's move into RWA funds, ELYSIA, and similar projects have seenβ¦
Banking powerhouse @HSBC is claiming bragging rights for being the first bank to create a blockchain-based real-world asset aimed at the retail marketplace. By @IanAllison123. https://t.co/atTaEC8eVe
Exciting to see the movement of institutional capital and #RWA purchases coming on-chain. @altheanetwork is bringing telecom and utilities on-chain through the Liquid Infrastructure platform launching soon! https://t.co/gfZ0q4hLHW