Several great banks and other traditional financial institutions (tradfi) are ready to use the solar block chain for their tokenization efforts.
R3, a developing of the United Kingdom from Blockchain Technology for Financial Institutions, is associating with the Solana Foundation to take the clients of the old and their tokenized assets from the real world to Solana.
Through its blockchain platform, CORDA, R3 has more than $ 10 billion in assets and counts as HSBC, Bank of America, Bank of Italy and the monetary authority of Singapore among its participants.
Tokenization, the term to coin active active assets, such as actions and bonds, such as digital tokens that can be negotiated in decentralized networks, is one of the main cases of use of blockchain technology that attracts the attention and investment of the traditional world.
A recent Boston Consulting Group and Crypto Payments Company Ripple said the tokenization market could reach $ 18.9 billion by 2033.
The objective of R3 is to overcome the scale and liquidity of the tokenized assets ecosystem causing the assets to be available in a public block chain.
The total value of the assets held in Solana can be eclipsed by Ethereum, but processes more transactions and has more active addresses.
“Like the most used public block chain in the world, Solana … [is] The ideal basis for the next generation of regulated digital finance, “R3 said in an announcement on Thursday.
