Reported 11 months ago
On June 25, 2024, it was reported that Taiwan's Financial Supervisory Commission established the RWA Tokenization Working Group, tapping into traditional finance's journey towards blockchain. S&P Global Ratings' analysis highlighted the rapid growth in tokenized public bonds on public blockchains like Ethereum, exceeding $1 billion, noting benefits including liquidity risk management for money market funds, profitability for on-chain enterprises, and new efficiencies and innovations for the asset management industry. Tokenized bonds offer advantages such as liquidity management for funds, revenue generation for on-chain businesses, and potential innovation support for asset management, despite short-term operational challenges faced by institutions integrating traditional systems with blockchain.
Source: YAHOO