Tokenization refers to the process of converting real-world assets (RWA) such as bonds, real estate, or commodities like gold into digital tokens on blockchain rails. These tokens represent ownership or control over the asset, allowing it to be traded more easily and quickly in a digital format, while still preserving the value of the underlying property. Reports by Boston Consulting Group and 21Shares estimate over $10 trillion of tokenized assets by the end of the decade in optimistic scenarios, while McKinsey predicts $2 trillion by then in its base case.
Major securities settlement provider Euroclear, the World Gold Council and global law firm Clifford Chance also participated in the process, alongside with other banks, investors, custodians and a central securities depository, the press release said. Tokenized gold allowed the precious metal to be used more freely as collateral without traditional limitations like storage, a World Gold Council executive noted.
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