Tokenization is gaining real momentum as BlackRock, Libre, and MultiBank make multimillion-dollar moves, signaling the shift from theory to execution.
Tokenization is having its moment: 'Everything is aligning.'
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The tokenization of real-world assets (RWA) is transitioning from an abstract concept to a practical financial tool, as institutional players increasingly test and deploy blockchain-based infrastructures at scale.
Just last week, there was a flurry of announcements from both traditional financial institutions and blockchain-native companies advancing their RWA initiatives.
On April 30, BlackRock submitted an application to create a class of shares with digital distributed ledger technology for its $150 billion Treasury trust fund. It will leverage blockchain technology to maintain a mirror record of share ownership for investors.
DLT shares will track BlackRock's BLF Treasury Trust Fund (TTTXX), which can only be purchased through BlackRock Advisors and The Bank of New York Mellon (BNY).
On the same day, Libre announced plans to tokenize $500 million in Telegram debt through its new Telegram Bond Fund (TBF). The fund will be available to accredited investors and can be used as collateral for on-chain loans.
The biggest headline of the week came from Dubai, where MultiBank Group signed a $3 billion RWA tokenization agreement with UAE-based real estate company MAG and blockchain infrastructure provider Mavryk. The agreement is considered the largest RWA tokenization initiative to date.
