DeFi Leaders Establish Tokenized Asset Coalition for Blockchain Adoption and Institutional DeFi
Summary:
Seven leaders in decentralized finance (DeFi) have formed the Tokenized Asset Coalition (TAC) to promote the adoption of public blockchains, asset tokenization, and institutional DeFi. The coalition, which includes Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch, and RWA.xyz, aims to create a unified financial system on the blockchain. Additionally, Polygon Labs and Mirae Asset Securities have joined forces to drive tokenization and Web3 adoption in finance. Their collaboration seeks to integrate international best practices into South Korea's financial infrastructure.
Seven leaders in decentralized finance (DeFi) have come together to establish the Tokenized Asset Coalition (TAC), an advocacy group aiming to promote the adoption of public blockchains, asset tokenization, and institutional DeFi. The founding members of this coalition include Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch, and RWA.xyz. However, TAC's charter states that membership is open to any organization sharing the vision of creating a unified financial system on the blockchain. The coalition plans to engage in various activities, such as member calls, quarterly publications, event attendance, and the formation of working groups. TAC believes that the tokenization of real-world assets presents a significant opportunity for both traditional and crypto financial systems to establish a single source of truth, eliminating the inefficiencies of the current financial system. Additionally, on September 7, Polygon Labs and South Korea's Mirae Asset Securities announced the formation of the Mirae Asset Security Token Working Group, with the aim of driving tokenization and Web3 adoption in finance. This collaboration seeks to explore international best practices and incorporate them into South Korean infrastructure to globalize the country's financial sector.
Published At
9/7/2023 4:54:41 PM
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