The Federal Reserve is preparing for a conference on DeFi and payment innovation, and a significant week for tokenized RWA is approaching.

CN
2 hours ago

The U.S. Federal Reserve Board announced that it will soon hold a conference on payment innovation and tokenization, marking an important week for the tokenization of real-world assets (RWA).

The Federal Reserve Board announced on Wednesday that it will host a payment innovation conference on October 21, bringing together industry experts to discuss "how to further innovate and improve payment systems."

The conference will feature panel discussions on various aspects of payment innovation. Topics will include the tokenization of financial products and services, the integration of traditional finance and decentralized finance (DeFi), emerging use cases and business models for stablecoins, and the intersection of artificial intelligence and payments.

"I look forward to exploring the opportunities and challenges of new technologies, gathering ideas on how to enhance payment security and efficiency, and hearing from those who are shaping the future of payments," said Federal Reserve Governor Christopher Waller.

The focus on RWA tokenization comes as Wall Street's interest in tokenization surges, following the passage of key stablecoin legislation in July and the peak value of tokenized assets on-chain.

This also coincides with the on-chain value of tokenized real-world assets reaching a historic high of $27.8 billion, according to data from RWA.xyz, which has surged 223% since the beginning of this year. Most of this growth is driven by tokenized private credit and U.S. Treasury bonds.

Ethereum remains the industry-standard blockchain for asset tokenization, with a market share of 56% including stablecoins, and over 77% when including layer two networks.

Also this week, crypto oracle provider Chainlink announced a partnership with tokenization platform Ondo Finance to support its recently launched Ondo Global Markets RWA platform, described as "Wall Street 2.0."

This initiative will bring over 100 tokenized U.S. stocks and exchange-traded funds on-chain.

Ondo Finance stated on Wednesday that this new platform, announced in February, is now open on Ethereum to non-U.S. investors.

Related: Stock Tokenization: Key Milestones from Pilot to Regulatory Game

Original: “Federal Reserve Prepares DeFi and Payment Innovation Conference, Tokenization of RWA Marks Important Week”

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