The Stellar Development Foundation (Homeless)The organization supporting the stellar
Blockchain, invested in the Digital Stock Exchange and Tokenization Company based in the United Kingdom Archax as part of a wider partnership to increase the active world tokenized (Rwas)Businesses said in a press release shared with Coindesk.
Archax has already started using Stellar, integrating the network into its internal tokenization platform and launching an Aberdeen tokenized money market.
Companies have not disclosed the size of the investment.
The agreement arises while the tokenization of traditional financial instruments such as obligations, funds and actions, often nicknamed real assets (Rwa)brings together the speed. World banks and asset managers explore this technology to reduce settlement times, increase transparency and keep the markets open 24 hours a day. The RWA tokenized market has doubled in the past year at $ 26 billion and is expected to become a market for a dollar billion by 2030, according to McKinsey, Ripple, BCG and others.
“The stellar network has been built to allow rapid settlement times, low costs and the tokenization of active active people which is the future of finance,” said Raja Chakravorti, head of the affairs of the Stellar Development Foundation. “”
Archax acquired the digital assets Deutsche regulated by Bafin last month with the aim of developing in products negotiated in exchange for crypto in Europe.
Read more: the tokenization market for real assets has increased almost in 3 years
