asset tokenization

Backed, Lisk partner to foster RWA adoption in emerging markets

Published

5 months ago

July 24, 2024

Tokenized real-world assets platform Backed and Layer 2 blockchain Lisk have announced a strategic partnership to accelerate RWA adoption across emerging markets.

In an announcement, the two platforms said the collaboration would leverage Backed’s expertise and traction in the RWA space and Lisk (LSK) to unlock financial opportunities.

“This partnership aligns perfectly with our vision of democratizing access to financial services through blockchain technology,” Erwan Mismaque, head of on-chain finance at Lisk, said.

“Backed’s innovative approach to RWA tokenization, coupled with our focus on interoperability and Emerging Markets, will accelerate the adoption of blockchain-based solutions and empower individuals in regions with significant potential for growth,” Mismaque added.

Leveraging the Optimism Superchain

Lisk’s L2 technology allows real-world applications to come on-chain on the Ethereum network. The platform also offers broader interoperability for blockchain developers and enterprises via its integration with the Optimism Superchain.

According to Bernardo Quintao, Backed’s head of business development, the partnership allows it to leverage Lisk’s interoperable blockchain network to bring the benefits of tokenized real-world assets to more people and businesses in emerging economies.

In the Superchain, several L2 chains form a network dubbed the OP Chains, where member networks benefit from shared security, open-source tech stack, and communication layer.

Projects to get up to $100k in grants

The Optimism Superchain will power the integration for accessibility and scalability. Meanwhile, businesses, developers, and partners will have access to Lisk’s incubator program, the Blockchain Incubation Hub, as they build new RWA-related projects.

Blockchain Incubation Hub supports blockchain initiatives of African entrepreneurs, helping them quickly scale new solutions.

New projects that build on Lisk and use Backed’s tokenization infrastructure or its bTokens will be eligible for grants of up to $100,000, which will be in the form of LSK tokens.

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asset tokenization

Zodia Custody teams up with Securitize for institutional access to tokenized assets

Published

4 weeks ago

November 26, 2024

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Zodia Custody has partnered with Securitize, a leader in tokenizing real-world assets.

The collaboration aims to enhance support for institutional investors engaging with tokenized assets, including BlackRock’s USD Institutional Digital Liquidity Fund — BUIDL. Zodia Custody will use Securitize’s technology to expand its custody services for institutional clients holding tokenized assets, according to a company announcement.

Zodia’s custody solution includes secure cold storage, ensuring client assets are segregated and compliant with regulatory standards. This is especially important for institutional investors who prioritize the safety of their holdings in the evolving digital asset market.

Zodia Custody, based in London, is a digital asset custodian supported by major financial institutions, including Standard Chartered, Northern Trust, and SBI Holdings.

Tokenization accessibility

Tokenization involves converting physical assets like real estate, stocks, or funds into digital tokens stored on a blockchain. These tokens represent ownership and can be traded or managed more efficiently than traditional financial instruments.

This process is gaining traction due to its cost efficiency and increased accessibility for investors. For instance, BUIDL has already attracted $530 million in assets under management since its launch in March 2024.

The market for tokenized real-world assets is projected to surpass the $4.5 trillion cryptocurrency market capitalization by 2028. While USD stablecoins currently dominate tokenization use cases, new products linked to assets like debt and real estate are emerging.

Zodia CEO Julian Sawyer emphasized the partnership’s significance, stating: “BUIDL’s growth demonstrates the opportunities in tokenized assets and their transformative potential for both traditional finance and digital-native businesses.”

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Art

Poland’s Pekao Bank using blockchain to preserve art in arctic vault

Published

3 months ago

October 2, 2024

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Poland’s second-largest bank, Bank Pekao, is using blockchain technology to preserve the country’s cultural heritage.

According to a Pekao press release, the bank partnered with Aleph Zero to launch Archiv3, a project aimed at tokenizing Polish artwork and securely storing it for future generations.

Tokenization is the process of turning physical assets, like art, into digital tokens on a blockchain, making them easier to store and track.

For this project, Bank Pekao is digitizing famous Polish artworks, like those by Jan Matejko and Stanisław Wyspiański, using advanced 3D scanning technology. These digital versions are then stored as non-fungible tokens on the eco-friendly Aleph Zero blockchain, ensuring their long-term preservation.

Arctic World Archive

The tokenized artwork will also be archived in the Arctic World Archive, a facility in Svalbard, Norway, designed to protect important data from threats like cyberattacks and natural disasters. The AWA is known for storing cultural and scientific data from organizations like UNESCO and the Vatican, according to an Archiv3 release.

The bank hopes that by using a decentralized ledger, the artworks will remain safe and accessible for future generations, even in the event of a global catastrophe.

This initiative reflects a broader trend of integrating traditional banking with modern technologies like blockchain, opening new avenues for digital asset management.

Earlier, on Oct 2, Christie’s announced plans to use blockchain technology to issue blockchain-based ownership certificates for art sold at auction.

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