The Star Development Foundation (SDF)The organization that supports the star
Blockchain, invested in the firm of digital assets and tokenization based in the United Kingdom Archax as part of a broader association to boost the active of the real world tokenized (RWAS)Companies said in a press release shared with COINDESK.
Archax has already begun to use Stellar, integrating the network into its internal tokenization platform and launching a monetary market fund of Aberdeen tokenized.
Companies did not reveal the size of the investment.
The agreement is produced as tokenization of traditional financial instruments such as bonds, funds and actions, often called real world assets (RWA)He is gathering speed. Banks and global asset administrators are exploring this technology to reduce liquidation times, increase transparency and keep the markets open throughout the day. The Rwa Tokenized market has doubled during the past year to $ 26 billion and is projected to become a billion market for 2030, according to McKinsey, Ripple, BCG and others reports.
“The stellar network was designed to allow rapid liquidation times, low costs and the tokenization of real world assets that is the future of finance,” said Raja Chakravorti, commercial director of the Stellar Development Foundation. “
Archax acquired the digital assets of Deutsche regulated by BAFIN last month in an attempt to expand to negotiated products in Europe.
Read more: the real world asset tokenization market has grown almost five times in 3 years
