The Stellar Development Foundation (SDF)the organization that supports stellar
Blockchain, invested in the UK based on digital asset exchange and tokenization firm Arclax as part of a broader collaboration to boost the world’s tokenized assets (Rwas)Companies said in a press release shared with CoinDesk.
The Archax has begun using Stellar, integrates the network into the in-house tokenization platform and launching a tokenized Aberdeen Money Market Fund.
Companies do not disclose investment size.
Deal comes as tokenization of traditional financial instruments such as bonds, funds and stocks, often called real-world assets (RWA)The speed of the gathering. Global banks and manager owners have explored this technology to cultivate the time of recession, increase transparency and keep markets open around the clock. The tokenized RWA market has doubled in the past year to $ 26 billion and is expected to grow in a trillion-dollar market by 2030, according to reports of McKinsey, RippleBCG and others.
“The Stellar Network is aimed at enabling the fast-worm assets, low-cost, and tokenisation of real-world assets which is financially future,” said Raja Chakravorti, chief business official at the Stellar Development Foundation. “
Archax obtained Bafin-Regulated Deutsche Digital Assets last month in a bid to expand with products exchanged by Crypto Exchange in Europe.
Read more: The real-world asset tokenization market has grown almost five times in 3 years
