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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.

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Odaily
475Words
Oct 2, 2024

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.

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