Tokenized assets are those that are digitally represented by tokens on a blockchain, such as works of art, real estate, or company shares. Asset tokenization offers advantages such as fractional ownership, speed, transparency and control of rights and properties.
However, the tokenization of assets also poses regulatory, technical and operational challenges that require collaboration between the different actors in the ecosystem. For this reason, the Tokenized Asset Coalition (TAC) has been created, an initiative that seeks to promote the development and adoption of tokenized assets in global financial markets.
What is the Tokenized Asset Coalition?
The Tokenized Asset Coalition is a strategic alliance between leading companies in the decentralized finance (DeFi), Cryptocurrencies and blockchain technology sector. Its goal is to create a common framework for asset tokenization, based on the principles of interoperability, security, compliance and transparency..
TAC was launched in September 2021 by six founding companies: Aave, Circle, Base, ConsenSys Mesh, Fireblocks and Securitize. These companies bring their experience and vision in areas such as DeFi lending, stablecoins, blockchain platforms, digital custody, token issuance and trading.
The TAC is open to the participation of other companies and institutions that share its mission and values. In fact, four new members have recently joined: BitGo, Blockdaemon, BlockFi and Paxos. These new partners expand the reach and diversity of the coalition, offering services such as institutional storage, blockchain infrastructure, exchange and regulation of Crypto assets.
What benefits does the Tokenized Asset Coalition provide?
The Tokenized Assets Coalition aims to be a reference and driver of the tokenized assets sector. To this end, it is proposed to develop technical and legal standards that facilitate the creation, exchange and use of these assets on different platforms and jurisdictions.
In addition, the TAC seeks to foster dialogue and collaboration between the different actors in the ecosystem, including regulators, legislators, investors, issuers and users. In this way, the aim is to generate trust and transparency in the market for tokenized assets.
The TAC also aims to educate and inform the public about the benefits and risks of tokenized assets. Thus, it is expected to increase knowledge and interest in this innovative way of representing and transferring value in the digital world.
Asset tokenization is a trend that is revolutionizing traditional financial markets. The Tokenized Asset Coalition is an initiative that seeks to harness the potential of this technology to create a more open, inclusive and efficient financial system.
Conclusion
In conclusion, the Tokenized Asset Coalition, an alliance between DeFi, Cryptocurrency and blockchain companies that seeks to promote the development and adoption of tokenized assets. These are assets that are represented by tokens on a blockchain, with advantages such as fractional ownership, speed, transparency and control of rights and properties.
The Tokenized Asset Coalition aims to create a common framework for asset tokenization, based on the principles of interoperability, security, compliance and transparency. In addition, it seeks to foster dialogue and collaboration between the different actors in the ecosystem, as well as educate and inform the public about the benefits and risks of tokenized assets.
