Now crypto industry encourages more investors and investment firms to bring traditional financial assets to the blockchain system. They are now creating a new group to promote tokenized systems to enhance the crypto market.
The tokenized asset wants to bring the next trillions of dollars of assets on the blockchain through education, advocacy, and fostering the adoption of the public and local blockchain, institutional decentralized finance, and asset tokenization.
The founders of Coinbase stablecoin issuer Circle, layer 2 network Base, DeFi lending platforms, Aave companies, centrifuge, Goldfinch, Credix, and other real-world asset data platforms are in the new advocacy group.
Tokenized assets have the potential to rattle the current financial infrastructure. Also, they have the potential to change the flaws and create a more efficient financial system.
The press release said,
“The Tokenized Asset Coalition believes that public crypto rails offer superior efficiency, cost savings, and transparency compared to legacy systems”.
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