Goldman Sachs to spin out crypto platform: Report
The investment bank is speaking to potential partners to add to the platform’s capabilities and develop new offerings.
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The investment bank is speaking to potential partners to add to the platform’s capabilities and develop new offerings.
The real-world asset (RWA) tokenization industry is projected to exceed $30 trillion by 2030, driven by nimble and mainstream financial institutions.
The Tether-US dollar stablecoin’s market capitalization has topped $126 billion, as approximately $7 billion in new USDt was minted.
Fireblocks extends its services with the tokenization of tax refunds through NongHyup Bank.
Demand is surging for tokenized RWAs offering low-risk yield from Treasury bills.
According to financial services firm Standard Chartered, real-world asset tokenization could reach a $30 trillion market cap by 2030.
Backed by several financial firms, Zodia expects to tap more diverse investors with a planned $50 million raise.
Institutional investments in Solana-based applications surged to $173 million in Q3 2024, marking a significant increase, according to a Messari report.
Libeara and FundBridge Capital bring US Treasury investments onchain with the Ultra Fund, boosting blockchain finance.
A swathe of new research reports from major traditional financial institutions predicts outsized growth and adoption of real-world asset tokenization over the next few years.
