There is a domino effect at play here. Last year MakerDAO, the largest DeFi protocol with $8.6 billion in total value locked, pushed further into traditional asset financing, with five traditional finance asset vaults and a $30 million DAI loan using bond token collateral out to a subsidiary of French finance juggernaut Société Générale. Then, a few months ago, private-equity giant KKR tokenized exposure to its $4 billion health-care fund on Avalanche. Subsequently, in November, Apollo announced plans to offer an upcoming fund on a public blockchain through Figure. Just last month Hong Kong’s government issued its first tokenized green bond worth around $100 million through Goldman Sachs’ tokenization protocol GS DAP.
Related posts
-
White House Rehires Adviser Who Helped Develop Biden’s Executive Order on Crypto
The White House has rehired Carole House, who helped... -
Coinbase Gets Flipped by Bybit As World’s Second Largest Crypto Exchange, According to Analytics Firm Kaiko
Crypto exchange Coinbase has been surpassed in volume by Bybit since October, according to analytics firm... -
Solana Adds ‘Blinks’ and ‘Actions’ So Users Can Trade Crypto On Their Favorite Social Apps
Please note that our privacy policy, terms of use, cookies, and do not sell my personal...