Franklin

Coin

<ul class="news-points"> 
 <li>Traditional finance firms are looking into the tokenization of assets such as money market funds and green bonds.</li> 
 <li>The firms are drawn by the transparency of tokenized assets and their quick settlement time.</li> 
 <li>London Stock Exchange Group and Mirae Securities are some of the firms to have invested in tokenization.</li> 
</ul> 
The prolonged bear market might have kept trading volumes down, but it hasn’t discouraged large traditional finance firms from looking into blockchain, a Reuters report details. Traditional finance companies are mostly interested in asset tokenization and the fast transactions that blockchain offers. 
According to the report, over the last few years, a growing number of financial firms have invested in token trading and investment platforms. Companies that have not yet developed these platforms are reportedly planning to do so. 
The report listed the London Stock Exchange Group, WisdomTree, and Mirae Asset Securities as some of the firms to have invested in tokenization. On the other hand, Franklin Templeton, UBS Asset Management, and ABN Amro have launched tokenized versions of assets. That includes tokenized versions of money market funds and green…
The post <a rel="nofollow" href="https://coinedition.com/traditional-finance-giants-investing-in-tokenization-of-assets-report/">Traditional Finance Giants Investing in Tokenization of Assets: Report</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Traditional Finance Giants Investing in Tokenization of Assets: Report

Coin Edition

Other articles published on Oct 3, 2023

Bitcoin Price Prediction as BTC Smashes Past $27,000 Resistance – Best Time to Buy?

SHIB, DOGE, BTC Can Now Be Used for Payments by Millions of Chase Bank Clients

ETF filings changed the Bitcoin narrative overnight — Ledger CEO

Bloomberg Updates Status of Spot Bitcoin ETFs: SEC Could Reject All Applications!

Report Sheds Light on Altcoin Movement Amid Bitcoin's Price Volatility

Ripple CTO David Schwartz’s Father’s Multi-Million Dollar Bet on XRP

Join our free newsletter for daily crypto updates!