Big Tech adopting asset tokenization.

Tech giants like asset tokenization.

Author

Siddu Kadi
August 10, 2023

TOKENIZED REAL-WORLD ASSETS.

Weekly tokenized assets insights, read time: 3 minutes.

TOP NEWS:

  1. PayPal to issue dollar pegged stable coin $PYUSD on Ethereum network. Read more here - TokenizedAssets

  2. Microsoft partners with Aptos, to explore Tokenization, full story at TokenizedAssets

  3. Backed Finance Tokenizes Coinbase "Coin" stock on multiple blockchains.

  4. Fubon Bank, Ripple to use Hong Kong CBDC in real estate tokenization pilot.

CHART OF THE WEEK:

Tokenized real-world assets revenue contribution has increased significantly in the past year.

QUIZ:

What is the current average APR that borrowers are paying across DeFi credit protocols?

TOKENIZATION PLATFORM UPDATES:

  1. A $5M loan defaulted on DeFi real-world lending platform Goldfinch. The loan was given to a Kenyan motorbike company called Tugende it was discovered Tugende violated the terms of their loan.

  2. HiYield a tokenization company, is offering T-Bills on the blockchain. The list of companies offering real estate and treasuries is increasing on weekly basis.

  3. 3Blocks is a real estate tokenization company, which has tokenized well over $4 million worth real estate on the Polygon blockchain through the power of NFTs.

MEME OF THE WEEK:

QUIZ ANSWER:

  • Weighted average rates that borrowers are paying on their loans in DeFi protocols is 10.66%.

Until next time!

If you want to sign up for the Tokenized Assets newsletter or share it with a friend, you can find us here Subscribe | Tokenized Assets World (beehiiv.com)