Asset manager New York Life, with $807 billion under management, has made its tokenization debut by launching an onchain high-yield corporate bond fund with Centrifuge.
Digital asset lender Ledn now accepts Tether Gold (XAUT) as loan collateral, expanding its offerings amidst the growing tokenized Real-World Asset market.
The crypto world sees a surge in tokenized real-world assets and prediction markets, even as Sam Bankman-Fried seeks a presidential pardon following his conviction.
Trad.Fi plans to tokenize up to $650 million in equipment financing, aiming to revolutionize the paper-heavy US private credit market by moving it onto a blockchain.
Asset tokenization is drawing parallels to the early days of Exchange Traded Funds, suggesting a similar path to a multi-trillion-dollar market revolution.