BREAKING: @AlchemyPay & @BackedFi are bringing tokenized stocks onchain ⛓️ Their new RWA integration lets users in 170+ countries invest in Apple, Tesla, S&P 500 ETFs and more — using local fiat, no Wall Street middlemen https://t.co/KKDgWRZbeT
🚨JUST IN: @TRUSTWALLET UNVEILS PLAN TO BRING TOKENIZED REAL-WORLD ASSETS TO ITS USERS
"We think of tokens and tokenization as expanding and creating network effects, and ownership of these network effects as an asset class that didn't exist before." The latest developments in crypto, broken down by @ysiu, our executive chairman and co-founder! 💡 Explore the https://t.co/b9XMx3phCG
The tokenization of assets is poised to transform global finance, with projections indicating that 80% of the world’s assets will be tokenized within the next 15 years. This shift will enable continuous, 24/7 trading of any asset against another and facilitate seamless integration between decentralized finance (DeFi) and traditional finance (TradFi). Industry leaders highlight the potential for tokenized stocks to act as a gateway for further innovation once traditional financial assets move on-chain. Companies such as Trust Wallet have announced plans to introduce tokenized real-world assets to their users, while AlchemyPay and BackedFi have launched a new real-world asset (RWA) integration. This platform allows investors in over 170 countries to buy tokenized stocks, including Apple, Tesla, and S&P 500 ETFs, using local fiat currencies without intermediaries from Wall Street. Executives emphasize that tokenization not only expands network effects but also creates a new asset class based on ownership of these digital networks.