Tokenized real-world assets

Global tokenized assets insights.

Top News:

• BOCI issued first tokenized notes, originated by UBS and placed to its clients in Hong Kong:

  BOCI has successfully issued CNH 200 million fully digital structured notes, making it the first Chinese financial institution to issue a tokenized security in Hong Kong. The product was originated by UBS and placed to its clients in Asia Pacific, marking a long-term collaboration between BOCI and UBS in the space of digital structured notes.

  UBS had issued a USD 50 million tokenized fixed rate note in December 2022 under English and Swiss law, digitized on a permissioned blockchain.

• Defactor Labs Tokenizes $100M in Bonds with Tokeny and Black Manta Capital Partners:

  Defactor Labs, a trailblazing DeFi lending platform for small and medium-sized enterprises (SMEs), proudly announces the launch of tokenizing $100 million worth of Alpha Bonds, using the ERC3643 token standard to enforce compliance on the Polygon Network, to lend capital to SMEs using real-world assets (e.g., receivables) as collateral.

• Archax Tokenises Investment in abrdn:

  Archax, the FCA regulated digital asset exchange, broker and custodian, announces that it has created a tokenized representation of its interests in the Aberdeen Standard Liquidity Fund (Lux) – Sterling Fund, abrdn’s flagship £multi-billion money market fund, leveraging the Hedera Hashgraph DLT of which abrdn is a governing council member.

• TokenizedAssets platform provides a holistic view of global tokenized assets:

  TokenizedAssets.AI have launched a beta platform which aggregates global tokenized assets under one umbrella. Users will have easy access to these assets along with analytics and deeper insights into each asset class.

• ELYFI DeFi Protocol Ensures Real-World Asset Liquidity:

  The project will tokenize expensive assets like real estate and cars amid growing RWA interest from traditional companies. Accordingly, it will stabilize and increase income from a new decentralized finance (DeFi) lending protocol called ELYFI.

• JPMorgan sees Public Blockchains as the Future of RWA:

  JPMorgan used an Aave-permissioned pool to exchange tokenized Singapore dollars for Japanese yen and turned fiat into tokens using the ERC-20 token standard.

  The bank used verifiable credentials to allow traders access to the pool and then built an on-chain verification system through a group of smart contracts that could confirm identity.

Key Takeaways:

• The most common tokenized asset types are equities, private credit, and real estate.

• Tokenization of bonds/treasuries and luxury goods are also popular.

• As of the end of May 2023, Credit & Loans is the most common sector for DeFi tokenization products.

• Ethereum is the most common blockchain among RWA DeFi applications.

• A smaller portion of the RWA DeFi applications run on the Polygon, Solana, Avalanche, Celo, BNB Smart Chain, and Gnosis Chain blockchains.

Thanks for reading.

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)