PANews reported on May 4 that according to Cointelegraph, many institutions such as BlackRock and MultiBank are promoting RWA (real world asset) tokenization projects. Among them, BlackRock plans to create a blockchain-based digital ledger technology (DLT) share class for its $150 billion Treasury Trust fund to record investors' shareholding information on the blockchain. Citi is exploring digital asset custody, and Franklin Templeton has tokenized money market funds on the public blockchain.
RedStone co-founder Marcin Kazmierczak pointed out that these developments show that tokenization has gone beyond theoretical discussions and entered the stage of practical application by market leaders. Based on its advantages in ecosystem, developer support and infrastructure, Ethereum is still the main platform for RWA tokenization.
