cryptonews.net
The Tokenized Asset Coalition (TAC), an organization advocating for public adoption of blockchain, asset tokenization, and institutional DeFi, has made significant progress by announcing 21 new members and releasing its highly anticipated second State of Tokenization report. As a key contributor to this effort, Ondo Finance remains at the forefront of reimagining the on-chain investment landscape.
TAC was founded in the fall of 2023 by prominent organizations including Aave, Centrifuge, Circle, Coinbase, Base, RWA.xyz, and more. Since its inception, TAC has expanded to include over 40 tokenization leaders, making it one of the most influential organizations focused on reimagining how capital is produced, invested, and managed in the blockchain sector. Real World Assets (RWA) in the form of tokenized assets are currently worth $176 billion, or over $15 billion excluding stablecoins. These assets come from over 150 issuers across 20 public blockchains, demonstrating the remarkable global expansion and popularity of tokenization.
A recent Coinbase survey of Fortune 500 CEOs found that 56% of organizations are actively working on blockchain initiatives, demonstrating rapidly growing institutional interest in this disruptive technology. Ondo Finance has become a major player in the tokenization industry, particularly with its pioneering USDY and OUSG products. The study highlights the significant growth of tokenized US Treasuries, where Ondo Finance has taken a leading position.
Image: CoinFolks