Excella Foundation, Institutions Release Report on ‘Tokenized Assets’
CryptoNewsTerminal Staff06 Jun, 2024
Excella Foundation, Institutions Release Report on ‘Tokenized Assets’
Excella Foundation and institutions release report on ‘tokenized assets’ A joint research report titled "How financial institutions navigate the multichain world" has been published in collaboration with City, Deutsche Bank, Mastercard, Northern Trust, and the Excella (AXL) Foundation, according to Finance Wire. The report suggests that "the value of tokenized assets could reach trillions of dollars within a decade, but achieving this will require a network model that links multiple blockchains and legacy systems." The report also emphasizes the importance of standardization, regulatory clarity, and collaboration among stakeholders to enable the widespread adoption of tokenized assets. Overall, the report provides valuable insights into the potential and challenges of tokenized assets, highlighting the need for further research and collaboration to unlock their full potential.
