TechFlow reports that institutions including Coinbase, Circle, Base, Aave, Centrifuge, Credix, Goldfinch, and real-world asset data platform RWA.xyz have formed a coalition to drive traditional financial assets onto the blockchain.
The initiative aims to bring traditional assets on-chain through education and by promoting broader adoption of public blockchains, asset tokenization, and institutional DeFi across the financial sector, with a potential value as high as $16 trillion.
Bank of America (BAC) stated that tokenized assets have the potential to disrupt current financial infrastructure and create more efficient systems.
According to a report by Boston Consulting Group, the tokenized asset market could surge to $16 trillion by 2030.
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