Kaiko Analytics, a blockchain data tracking company, says that traditional finance (TradFi), is beginning to lead the way in tokenizing real world assets (RWA).
Kaiko Research has released a report that shows the following: postTradFi’s biggest players, like Fidelity JPMorgan BlackRock, are at the forefront of this new crypto-based wave for RWA tokenization.
Fidelity international announced their participation in JPMorgan’s network of tokenized assets last week. They are the latest institution to get on board with the fast-growing tokenization trend. BlackRock BUIDL’s tokenized liquidity funds continues to grow, and now has over $460 millions.
BlackRock BUIDL’s launch in march has seen it outpace several crypto-native funds, including Maple Finance Cash Management Fund which is focused on short-term financial instruments. Maple’s Cash Management Fund is a pale comparison to BUIDL, despite the fact that Maple has operated in this space for several years and recovered after the collapse of 2022 crypto-lending services.
Bitcoin is the most prominent crypto currency.BTCKaiko suggests BTC’s decreased volatility as a sign that it has matured.
“Although BTC might have been on a rollercoaster ride driven by macro news last week, it’s clear that the digital gold has reached a new level of maturity in 2024. This can be observed in its declining volatility, with BTC’s 60-day historical volatility remaining below 50% since the beginning of 2023. This stands in stark contrast to the significant fluctuations of 2022, when volatility exceeded 100%.”
BTC was worth $64,527 as of the time this article was written.
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