The tokenization company Digital Asset has completed a pilot program with institutions such as Euroclear and the World Gold Council, using the Canton Network protocol to tokenize UK bonds, European bonds, and gold for financial transactions. The pilot project created digital representations of UK government bonds, European bonds, and gold, offering greater transparency, faster transfer speeds, and 24/7, near-instant settlement. Predictions indicate that by the end of this decade, the market value of tokenized assets will exceed 10 trillion USD.

Odaily Planet Daily reported that Digital Asset, a RWA tokenization company, announced on Tuesday that it has completed a pilot program using the Canton Network protocol to tokenize UK bonds (golden edge bonds), European bonds, and gold for financial transactions. Major securities settlement providers such as Euroclear, the World Gold Council, and the global law firm Clifford Chance participated in this process alongside other banks, investors, custodians, and a central securities depository.

During the pilot project from June to July, digital representations of UK government bonds, European bonds, and gold were created to serve as collateral, offering higher transparency, faster transfer speeds, and near-instant settlement between parties around the clock, without the delays associated with traditional financial rails.

Reports from the Boston Consulting Group and 21Shares predict that in an optimistic scenario, the market value of tokenized assets could exceed 10 trillion by the end of this decade, while McKinsey forecasts it will reach 2 trillion under its base case by then. (CoinDesk)

Digital Asset has completed a pilot project for the tokenization of UK bonds and gold in collaboration with institutions such as Euroclear and the World Gold Council.