On-chain products are already changing the investment landscape, though the challenges they present are not fully understood.
Credit rating giant Moody's is partnering with the Monetary Authority of Singapore’s Project Guardian, a public-private tokenization collaborative initiative to enhance market efficiency, the company announced on Wednesday.
“At its core, tokenization merges digitalization with physical assets to redefine traditional asset ownership and transactional frameworks. With sophisticated technological frameworks and streamlined or interoperable infrastructures, tokenization has the potential to catalyze significant growth,” Moody’s Head of Strategy of Digital Economy Rajeev Bamra told The Block in an email.
In a Jan. 15 report, Moody’s said the value of tokenized funds grew from $100 million to around $800 million throughout 2023, propelled by the increasing tokenization of U.S. Treasuries. Today, that figure stands above $1.5 billion. Firms including BlackRock, Franklin Templeton and UBS Asset Management have deployed tokenized funds on public blockchains.
“These advancements democratize access to traditionally illiquid assets, enhance transactional transparency, and offer new avenues for fractional ownership and global market participation,” Bamra added, mentioning sectors from art to commodities and from real estate to intellectual property.
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