McKinsey Report: Tokenized Assets Could Reach $2 Trillion by 2030
McKinsey Report: Tokenized Assets Could Reach $2 Trillion by 2030
🚀 $2T tokenized by 2030?
A recent McKinsey report highlights the shift of tokenized financial assets from pilot to large-scale deployment. Excluding stablecoins and cryptocurrencies, the tokenized market cap across asset classes could hit $2 trillion by 2030.
This aligns with other industry reports, such as KPMG and Singapore FinTech Association's study emphasizing asset tokenization as a paradigm shift in asset management.
Key factors for success include:
- Interoperability between systems and markets
- Seamless communication among participants
Chainlink's Digital Assets Sandbox aims to accelerate innovation in capital markets, enabling financial institutions to conduct tokenization trials within days.
“The tokenized real-world asset category could eventually flip all of cryptocurrency value.” Watch @SergeyNazarov’s full keynote from @EthCC ↓ youtu.be/PrWQ9OBYrxA
All roads lead to asset tokenization. This joint #Chainlink masterclass with @avax provides devs with step-by-step instructions for tokenizing real estate with Functions—and the learnings can be extended to any asset. Register now and join us on July 11: go.chain.link/masterclasses/…
RBC Innovation Arm Emphasizes Blockchain Interoperability
Karim Hamasni from RBCx, Royal Bank of Canada's technology and innovation division, highlighted the critical importance of blockchain interoperability in a recent discussion with Chainlink. This follows similar sentiments from JP Morgan's Kinexys division, which previously emphasized Chainlink's role in facilitating institutional blockchain adoption. Key points: - Major banks increasingly recognize interoperability as crucial for blockchain adoption - RBCx and JP Morgan actively exploring blockchain solutions - Chainlink positioned as key infrastructure provider Watch the full discussion: [RBCx x Chainlink Discussion](link-placeholder)
Chainlink Leadership Speaking at EthCC Cannes
Chainlink's leadership is presenting at EthCC (Ethereum Community Conference) in Cannes: - Sergey Nazarov, Chainlink co-founder, is currently speaking on the Monroe stage - Earlier at the conference, CTO Basha Alex addressed Ethereum's UX challenges and solutions Watch the live stream at [EthCC Monroe Stage](https://ethcc.io/live/monroe-stage)
Chainlink ACE and GLEIF Partner on Reusable Digital Identities
Chainlink's Automated Compliance Engine (ACE) has partnered with GLEIF to create a transformative framework for digital identity and compliance automation. Key developments: - Integration of GLEIF's verifiable LEI (vLEI) system with Chainlink ACE - Cross-Chain Identity (CCID) linking wallets to real-world entities - Automated compliance workflows across multiple blockchains The solution promises to: - Reduce onboarding and settlement times - Lower compliance costs - Increase market accessibility Technical details in the [comprehensive report](https://chain.link/resources/digital-identity-automated-compliance)
Matrixdock Integrates Chainlink for Cross-Chain Gold Token Transfers
Matrixdock, a tokenized Real World Asset (RWA) platform by Matrixport, has integrated Chainlink's infrastructure for its gold-backed token XAUm. Key updates: - Cross-chain transfers now possible between Ethereum and BNB Chain via Chainlink CCIP - Implementation of Chainlink Price Feeds for reliable market data - XAUm is one of the largest gold-backed tokens by Total Value Locked (TVL) The integration enables secure cross-chain operations while maintaining market reliability through tamper-proof data feeds. Learn more: [Matrixdock Announcement](https://www.matrixdock.com/blog/announcements/matrixdock-enables-tokenized-gold-xaum-to-move-cross-chain-with-chainlink)
Chainlink CCIP Integration with Solana Drives Institutional Interest
**Chainlink's Cross-Chain Interoperability Protocol (CCIP)** is being integrated with Solana, marking a significant development in blockchain connectivity. Key implications: - Enhanced institutional capital flow into Solana ecosystem - Improved cross-chain connectivity and interoperability - Advanced smart contract capabilities through cross-chain messaging - New possibilities for programmable token transfers Sergey Nazarov, Chainlink's co-founder, highlighted how this integration strengthens Solana's position in the broader blockchain landscape. The development aligns with growing institutional interest in tokenized assets and cross-chain infrastructure.