NEW YORK--(BUSINESS WIRE)--Today the Tokenized Asset Coalition (TAC) announced its inaugural State of Tokenization Report, a comprehensive look at the industry with data and insights from a variety of TAC members. In addition, the TAC announced it has welcomed 15 new members into its ranks, a first cohort selected from more than 300 applicants.
The Tokenized Asset Coalition champions the adoption of public blockchains, asset tokenization and institutional DeFi to dramatically alter the way capital is formed, invested and managed onchain, paving the way for a more open, fair and transparent system for investors. The TAC was formed in the fall of 2023 with founding members Aave Companies, Base, Centrifuge, Circle, Coinbase, Credix, Goldfinch and RWA.xyz.
This year's State of Asset Tokenization report provides a range of insights into the state of RWAs and tokenization, innovation happening to business models and products, the emergence of institutional investors, large market trends, and more.
The report delves into specific topics that include:
- The birth of a tokenized risk curve
- A challenging two years for crypto & blockchain venture capital
- Market commentary on currency, treasuries, private credit, digital bonds and other areas of interest
- Bringing crypto to the world
- Matching supply and demand
To download the full report, visit this webpage: https://www.rwa.xyz/blog/tokenized-asset-coalition-2024-outlook.
The TAC is proud to announce its 15 newest members, who come from a range of focuses within the RWA, TradFi, and DeFi industries. These members have a multitude of perspectives and approaches to asset classes, security, scale, infrastructure, analytics, and other critical components of the RWA ecosystem.
"Our goal was always to bring together a diverse group of key players to ensure vast representation throughout the TAC," said Colin Cunningham, TAC Chair. "We want to bring together not only diverse representation, but the players we all can trust when it comes to compliance, security, growth and adoption."
The new members include Ava Labs, Backed, Chainlink Labs, Fireblocks, Keyrock, Maple, Obligate, Ondo, ParaFi, Polygon Labs, Provenance Blockchain, Republic, Securitize, Solana Foundation, and Steakhouse Financial.
All members will join a TAC working group, participate in events, produce unique content and contribute toward the annual report. As a result of this growing membership, the TAC content will continue to become more robust as additional experience and expertise are added.
As new builders, industry leaders and influencers come forth, the coalition welcomes the opportunity to expand and grow. The Coalition invites all relevant organizations to apply to become part of the coalition and contribute to the transformation of the financial landscape. Through collective efforts, a new era of efficiency, transparency, and accessibility in global finance can emerge.
About the Tokenized Asset Coalition
The Tokenized Asset Coalition seeks to unite traditional and crypto financial systems with the shared belief that many assets will eventually move on chain. By addressing the inefficiencies, opacity and fragmentation of the current financial infrastructure, the Tokenized Asset Coalition aims to spearhead the next wave of digital transformation. The founding Coalition members include Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz, are on a mission to educate and advocate for shared principles and best practices and build the on-chain infrastructure of tomorrow.