Tokenization Advocacy Group Wants to Bring the 'Next Trillion' of Assets to Blockchain

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Tokenization Advocacy Group Wants to Bring the 'Next Trillion' of Assets to Blockchain
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Founding members such as Coinbase, Circle and Aave Companies aim to foster the use of blockchain technology for traditional assets.

Crypto industry heavyweights want to encourage more groups to bring traditional financial assets on a blockchain with a new advocacy group for tokenization unveiled Wednesday.

The Tokenized Asset Coalition aims to bring the “next trillion dollars of assets” on-chain through education, advocacy and fostering adoption of public blockchains, asset tokenization and institutional decentralized finance in the broader financial space, a press release said.The group’s founding members are crypto exchange Coinbase, stablecoin issuer Circle, layer 2 network Base, DeFi lending platforms Aave Companies, Centrifuge, Credix, Goldfinch and real-world asset data platform RWA.xyz.

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