$XLM 🗓️
The past year for $XLM was a monumental one.
We're used to Stellar in global payments & remittances as seen in cases like MoneyGram & even the UN use Stellar.
We saw a HUGE leap this year with Stripe & Mastercard
But that's not all.
Stellar's now stepping into tokenization with institutions right by their side.
We've already seen both Franklin Templeton & WisdomTree leverage Stellar for tokenization.
Franklin Templeton needs no introduction, they're one of the top asset managers in the US with over $1 Tril in assets under management.
They've tokenized their on-chain US Govt money market fund onto Stellar amongst other chains.
But what stands out with their tokenization of FOBXX onto Stellar from the rest is the progress & growth.
While Stellar leads at over $270 Mil in the fund.
The second and third places combined only equal to $163 Mil meaning Stellar's is still $100 Mil larger.
Safe to say Franklin Templeton bet on the right horse on tokenization with Stellar.
On the other hand we've seen Stellar also be leveraged for tokenization by WisdomTree.
With over $110 Bil in AUM, they're certainly not as large as the prestigious Franklin Templeton.
But that's not to say they're not a significant player in the traditional finance markets whatsoever.
On top of this, WisdomTree has grown to become a household name for ETFs.
And as we know... The topic of ETFs in digital assets are just continuing to grow.
The one key addition here is WisdomTree has tokenized 13 total funds onto Stellar through using DTCC's framework from Securrency which they acquired.
As we know, DTCC is an absolutely essential player in the US financial markets.
On top of this we've seen DTCC begin getting involved with tokenized assets and DLT.
So to see them now leverage Stellar for these use cases is saying a lot.
–––––––––––––
Stellar is evolving in front of our very eyes.
From just transacting tokenized value to now directly tokenizing things of value from the real world!