Digital Asset announces the successful pilot project of tokenizing UK government bonds, euro-denominated bonds, and gold.

Digital Asset, a digital asset company, announced the completion of a pilot project that tokenizes UK government bonds, euro-denominated bonds, and gold through the Canton Network protocol for financial transactions. The project involved institutions such as Euroclear, the World Gold Council, and Clifford Chance. This pilot demonstrated that tokenized assets can instantaneously meet intraday margin requirements, breaking the limitations of traditional settlement cycles and time zones, thereby enhancing transaction transparency and efficiency. Mike Oswin, Global Head of Market Innovation at the World Gold Council, also mentioned that tokenized gold overcomes storage limitations, allowing precious metals to be used more freely as collateral in financial transactions. (CoinDesk)