- The Tokenized Asset Coalition adds 21 new members, releasing a report on blockchain and tokenization growth.
- Ondo Finance leads in the tokenized US Treasury space with innovative products like USDY and OUSG.
The Tokenized Asset Coalition (TAC), which advocates for public blockchain adoption, asset tokenization, and institutional DeFi, made significant progress by announcing the addition of 21 new members and releasing its highly anticipated second State of Tokenization report.
As a significant participant in this project, Ondo Finance remains at the forefront of redefining the on-chain investment landscape.
The Tokenized Asset Coalition (@TACoalition), of which Ondo Finance is a member, today welcomes 21 new members and unveils its second State of Tokenization report. 📊
The report examines the crucial role of regulation in driving adoption, growing institutional interest, and key… pic.twitter.com/CDX9Fypssv
— Ondo Finance (@OndoFinance) September 26, 2024
TAC Rapid Rise and the Future of Tokenized Assets
TAC was founded in the fall of 2023 by prominent organizations including Aave, Centrifuge, Circle, Coinbase, Base, RWA.xyz, and others.
Since its establishment, TAC has expanded to include over 40 tokenization leaders, making it one of the most influential organizations dedicated to redefining how capital is produced, invested, and managed in the blockchain sector.
The 2024 research focuses on various critical areas of the fast changing tokenization business. It delves into the critical role that regulatory frameworks play in pushing blockchain technology adoption, institutional investors’ growing interest in bringing assets on-chain, and the sector’s most recent breakthroughs.
A striking feature of this paper is the projection given by major financial organizations such as McKinsey, Citi, and Standard Chartered that the tokenized asset market will grow to an amazing $2 trillion to $30 trillion over the next decade.
Currently, Real-World Assets (RWAs) in the form of tokenized assets are worth $176 billion, or over $15 billion excluding stablecoins. These assets come from over 150 issuers across 20 public blockchains, indicating tokenization’s amazing global expansion and popularity.
Furthermore, a recent Coinbase survey of Fortune 500 CEOs found that 56% of organizations are actively working on on-chain initiatives, demonstrating the rapidly expanding institutional interest in this disruptive technology.
Ondo Finance has emerged as a major participant in the tokenization industry, particularly with its ground-breaking products, USDY and OUSG. The research highlights the significant rise of tokenized US Treasury, in which Ondo Finance has gained a leading position.
These innovations not only reflect the changing nature of the financial sector, but also demonstrate the potential for onchain finance to change traditional investment options.
In addition to this achievement, as we previously noted, Ondo Finance has entered the Spark Tokenization Grand Prix MakerDAO, submitting a proposal for $1 billion in tokenized assets via OUSG and USDY. This strategic initiative demonstrates Ondo Finance’s commitment to increasing the scope and utility of tokenized assets in the larger financial ecosystem.
As of the publication of this research, Ondo Finance’s native token, ONDO, has performed well in the market. It is presently trading at about $0.8308, up 6.24% over the last 24 hours and 16.78% over the last 7 days.
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