Originally published on: November 06, 2024
BNB Chain has introduced an innovative real-world asset tokenization service that allows both individuals and businesses to tokenize assets without the need for coding skills, all within a matter of minutes.
This groundbreaking service simplifies the asset tokenization process by offering built-in compliance tools and step-by-step guidance. From asset securitization to token minting, BNB Chain’s solution streamlines the entire process, making it more accessible and cost-effective for small businesses looking to explore the world of asset tokenization.
By leveraging BNB Chain’s platform, businesses can enjoy the benefits of fractional ownership of various assets, such as art, securities, collectibles, and carbon credits. Additionally, tokenization can lead to cost savings in customer loyalty programs, boosting customer engagement and retention.
With the global market for real-world asset tokenization expected to reach $600 billion in assets under management by 2030, BNB Chain’s new solution is poised to play a pivotal role in this rapidly growing sector.
The recent collaboration between the Monetary Authority of Singapore (MAS), SWIFT, Chainlink, and UBS to test tokenized fund settlement showcases the increasing interest in tokenized assets within the traditional financial sector. This pilot program opens up new opportunities for financial institutions to leverage tokenized assets without the need to hold cryptocurrencies.
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