5 Global Players Betting Big On Tokenized Real-World Assets
The post 5 Global Players Betting Big On Tokenized Real-World Assets appeared on BitcoinEthereumNews.com. Globally, attitudes are shifting and becoming more favorable towards crypto, and one of the main reasons for this change is thought to be the emergence of tokenized real-world assets, which help to bring traditional financial assets on-chain. Called RWAs, they enable things like real estate to be traded in the same way as Bitcoin. With tokens, investors can own a fraction of a high-value asset such as a castle or a Monet painting without putting up millions in capital. Traditional financial powerhouses in the U.S, such as BlackRock and Franklin Templeton, have made headlines for throwing their weight behind RWAs, but this movement is actually occurring on a much bigger, global scale. Indeed, globally, the value of RWAs has already surpassed more than $10 billion. So let’s take a closer look at some of the biggest players in these emerging RWA markets. Saudi Arabia Surprisingly, the conservative kingdom of Saudi Arabia has positioned itself as one of the most enthusiastic supporters of RWAs. It has just kicked off a new initiative that aims to accelerate blockchain and AI adoption across the Middle East and Africa regions. The Saudi Arabia AI and Blockchain Centre, known as SAAIBC, was created in partnership with a startup called COTI, with the aim being to merge traditional finance with blockchain-based economics. Saudi Arabia is already a big believer in technology, with its famed Vision 2030 fund dedicated to transforming the country into a global AI powerhouse, aided by a $40 billion Public Investment Fund. SAAIBC believes that the Middle East and Africa are ripe for a blockchain-based revolution, as it sees the technology as the perfect foil for AI-led innovation. By combining AI with blockchain, it can lead to endless possibilities for the automation of more efficient, tokenized financial economies. COTI’s role in the partnership…
The post 5 Global Players Betting Big On Tokenized Real-World Assets appeared on BitcoinEthereumNews.com.
Globally, attitudes are shifting and becoming more favorable towards crypto, and one of the main reasons for this change is thought to be the emergence of tokenized real-world assets, which help to bring traditional financial assets on-chain. Called RWAs, they enable things like real estate to be traded in the same way as Bitcoin. With tokens, investors can own a fraction of a high-value asset such as a castle or a Monet painting without putting up millions in capital. Traditional financial powerhouses in the U.S, such as BlackRock and Franklin Templeton, have made headlines for throwing their weight behind RWAs, but this movement is actually occurring on a much bigger, global scale. Indeed, globally, the value of RWAs has already surpassed more than $10 billion. So let’s take a closer look at some of the biggest players in these emerging RWA markets. Saudi Arabia Surprisingly, the conservative kingdom of Saudi Arabia has positioned itself as one of the most enthusiastic supporters of RWAs. It has just kicked off a new initiative that aims to accelerate blockchain and AI adoption across the Middle East and Africa regions. The Saudi Arabia AI and Blockchain Centre, known as SAAIBC, was created in partnership with a startup called COTI, with the aim being to merge traditional finance with blockchain-based economics. Saudi Arabia is already a big believer in technology, with its famed Vision 2030 fund dedicated to transforming the country into a global AI powerhouse, aided by a $40 billion Public Investment Fund. SAAIBC believes that the Middle East and Africa are ripe for a blockchain-based revolution, as it sees the technology as the perfect foil for AI-led innovation. By combining AI with blockchain, it can lead to endless possibilities for the automation of more efficient, tokenized financial economies. COTI’s role in the partnership…
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