Stellar Development Foundation (Sdf)The organization supports it the stars
Blockchain, invested in UK-based digital asset exchange and tokenization company Archax as part of a wider partnership to increase tokenized assets in the real world (Rwas)said the companies in a press release shared with Coindesk.
Archax has already started using Stellar, integrating the network into its internal tokenization platform and launching a tokenized Aberdeen Money Market Fund.
The companies did not reveal the size of the investment.
Trade comes as tokenization of traditional financial instruments such as bonds, funds and shares, often called assets in the real world (RWA)is collection speed. Global banks and asset managers are investigating this technology to cut down -down times, increase transparency and keep markets open around the clock. The Tokenized RWA market has doubled in the past year to $ 26 billion and is expected to grow into a trillion market by 2030, according to McKinsey reports, Ripple, BCG and others.
“The star network was custom built to enable fast settlement times, low costs and tokenization of assets in the real world that is the future of financing,” said Raja Chakravorti, chief business manager at the Stellar Development Foundation. “
Archax acquired Bafin regulated Deutsche digital assets last month in an attempt to expand to crypto exchange-traded products in Europe.
Read more: Really assets Tokenization Market has grown almost five times in 3 years
