Reported 7 months ago
The Financial Supervisory Commission (FSC) is preparing for the promotion of tokenization of real world assets by assisting the Taiwan Depository & Clearing Corp. and 6 financial institutions in establishing the 'Real World Assets Tokenization Task Force'. The initiative involves utilizing blockchain, cryptography, and smart contracts to transform real world assets into digital tokens for potential advantages in trading efficiency and liquidity. The task force aims to drive financial technology development and innovation by discussing related promotion matters, selecting asset targets for tokenization, and seeking conceptual validations and experimental applications from participating financial institutions.
Source: YAHOO