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Axelar Foundation and Citigroup release joint research report to explore improving accessibility and liquidity of tokenized assets

Axelar Foundation and Citigroup release joint research report to explore improving accessibility and liquidity of tokenized assets

CointimeCointime2024/06/06 15:40
By:Cointime

 Axelar Foundation, Citigroup, Deutsche Bank, Mastercard, Northern Trust, and Centrifuge have jointly released a research report titled "Institutional Interoperability: How Financial Institutions Can Navigate the Multi-Chain World" on Axelar Foundation and Metrika, exploring how to improve accessibility and liquidity of tokenized assets while maintaining flexibility, privacy, transparency, and scalability. Tokenized assets are on-chain representations of financial assets such as real estate, currency, and securities. A recent report by Boston Consulting Group and market operator ADDX predicts that the value of tokenized assets will reach trillions of dollars within a decade. All institutions involved in the report emphasize the need to establish an interconnected network model that includes multiple blockchains and traditional systems to realize this potential.

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