Tokenization

The market for tokenized financial instruments, or real-world assets (RWAs), could reach $18.9 trillion by 2033 as the technology’s growth is nearing a “tipping point,” according to a joint report on Monday by Boston Consulting Group (BCG …

The tokenization platform is part of Tether’s ambition to diversify its business from its $126 billion USDT stablecoin.

Tokenization of conventional financial products is a booming sector within the digital asset industry, with BlackRock, HSBC and now Lazard among the global firms entering the space.