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Analysis: Institutions like BlackRock and Citigroup are pushing RWA tokenization into the practical stage, with Ethereum remaining the main platform.
CoinVoice has recently learned that, according to Cointelegraph, several institutions including BlackRock and MultiBank are promoting RWA (real-world asset) tokenization projects. BlackRock plans to create a blockchain-based digital ledger technology (DLT) share class for its $150 billion Treasury Trust fund to record investors' holdings information on the blockchain. Citibank is exploring digital asset custody, and Franklin Templeton has tokenized a money market fund on a public blockchain.
RedStone co-founder Marcin Kazmierczak pointed out that these advancements indicate that tokenization has moved beyond theoretical discussions and entered the practical application stage of market leaders. Currently, Ethereum remains the primary platform for RWA tokenization due to its advantages in areas such as ecosystem, developer support, and infrastructure.