Fed announced the tokenization conference while the value of RWA onchain hits ATH
The United States Federal Reserve announced that it will soon host a conference on change and tokenization on what is becoming a major week of developments for the tokenization of the real-world asset (RWA).
The Federal Reserve Board on Wednesday announced This will take a shower at an innovation conference on October 21, which combines -with industry experts to discuss “How to Change and improve the payment system.”
The conference will feature panel discussions on some aspects of payment change, it said. These include financial products and services, which converts traditional and decentralized finances (Defi), emerging stablecoin uses cases and business models, and the intersection of artificial intelligence and payment.
“I look forward to reviewing the opportunities and challenges of new technologies, which combine -integrated ideas on how to improve the safety and efficiency of payments, and listening from those who help shape the future of payments,” said Fed Governor Christopher Waller.
The focus on RWA tokenization Come in the middle of higher interest on Wall Street in tokenization following the passage of key Stablecoin Law in July and a peak on the cost of onchain for tokenized assets.
Rwa on-brain hituct hith
It also came as the onchain value of tokenized real-world assets was at an all-time high of $ 27.8 billion, falling 223% since the beginning of this year, According to To RWA.XYZ. Most of these are dominated by the tokenized private credit and debt of the US Treasury.
Related: The $ 400T Tradfi Market is a major path for Tokenized Rwas: Animoca
The Ethereum remains the standard blockchain of the industry for tokenizing properties, with a market part of 56%, including stablecoins, and more than 77% when included in layer-2 networks.
Ondo Finance launches a tokenized US stock platform
Also this week, Crypto Oracle Provider Chainlink announced a partnership with the Onddo Global’s Onddo Global Platform to Tokenization Platform, described as “Wall Street 2.0”.
The initiative brings more than 100 tokenize US stocks and funds to have funded.
Finance at Ondo Nakasa said On Wednesday the new platform, announced in FebruaryNow live in Ethereum for non -US investors.
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