According to BlockBeats news on July 26th, as reported by Bloomberg, mainstream institutions are facing the question of whether to enter the gray area of Decentralized Finance, as Wall Street leads the tokenization of real assets ahead of native encryption players. This gray area, known as Decentralized Finance, includes projects using on-chain automated software to provide various Financial Services. These ecosystems are typically not controlled by any party, shrouded in regulatory ambiguity, and open to potential widespread participation. Standard Chartered Bank expects the tokenization market to reach about $30 trillion by 2034, with trade financing contributing 16% share. Currently, the market value of Crypto Assets is $2.4 trillion. So far, about $1.32 billion of real-world assets have been tokenized. According to rwa.xyz, private credit is the largest part, accounting for $8.4 billion, followed by US government bonds.
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Standard Chartered Bank: Expects the tokenized market to reach about $30 trillion by 2034.
According to BlockBeats news on July 26th, as reported by Bloomberg, mainstream institutions are facing the question of whether to enter the gray area of Decentralized Finance, as Wall Street leads the tokenization of real assets ahead of native encryption players. This gray area, known as Decentralized Finance, includes projects using on-chain automated software to provide various Financial Services. These ecosystems are typically not controlled by any party, shrouded in regulatory ambiguity, and open to potential widespread participation. Standard Chartered Bank expects the tokenization market to reach about $30 trillion by 2034, with trade financing contributing 16% share. Currently, the market value of Crypto Assets is $2.4 trillion. So far, about $1.32 billion of real-world assets have been tokenized. According to rwa.xyz, private credit is the largest part, accounting for $8.4 billion, followed by US government bonds.