TAC Rapid Rise and the Future of Tokenized Assets

The Tokenized Asset Coalition (TAC), which advocates for public blockchain adoption, asset tokenization, and institutional DeFi, made significant progress

The Tokenized Asset Coalition (TAC), which promotes public blockchain adoption, asset tokenization, and institutional DeFi, has announced the addition of 21 new members and released its second State of Tokenization report.

As a key participant in this effort, Ondo Finance continues to play a pivotal role in shaping the on-chain investment landscape.

The Tokenized Asset Coalition (@TACoalition), which includes Ondo Finance, now has 21 new members and has released the second State of Tokenization report

The report explores the critical role of regulation in driving adoption, growing institutional interest, and key… pic.twitter.com/CDX9Fypssv

— Ondo Finance (@OndoFinance) September 26, 2024

TAC’s Rapid Expansion and the Future of Tokenized Assets

Formed in the fall of 2023 by leading organizations such as Aave, Centrifuge, Circle, Coinbase, Base, RWA.xyz, and others, TAC has quickly expanded to include over 40 tokenization leaders.

The coalition is dedicated to redefining how capital is created, invested, and managed in the blockchain sector.

The 2024 report examines various critical areas of the rapidly evolving tokenization industry. It explores the critical role that regulatory frameworks play in driving blockchain technology adoption, institutional investors’ growing interest in bringing assets on-chain, and the latest innovations in the sector.

A notable highlight in this report is the projection by major financial institutions like McKinsey, Citi, and Standard Chartered that the tokenized asset market will grow to an impressive $2 trillion to $30 trillion over the next decade.

Currently, Real-World Assets (RWAs) in the form of tokenized assets are valued at an impressive $176 billion, or over $15 billion excluding stablecoins. These assets span over 150 issuers across 20 public blockchains, showcasing the remarkable global reach and popularity of tokenization.

Moreover, a recent survey by Coinbase of Fortune 500 CEOs revealed that 56% of organizations are actively engaged in on-chain initiatives, further demonstrating the rapidly expanding institutional interest in this transformative technology.

Ondo Finance has emerged as a leading participant in the tokenization industry, notably with its groundbreaking products, USDY and OUSG. The report highlights the significant growth of tokenized US Treasury, a space in which Ondo Finance has gained a leading position.

These innovations not only reflect the evolving nature of the financial industry but also demonstrate the potential for onchain finance to transform traditional investment options.

In related news, as we previously reported, Ondo Finance has joined the Spark Tokenization Grand Prix MakerDAO, submitting a proposal for $1 billion in tokenized assets through OUSG and USDY. This strategic move is part of a larger effort to increase the scope and utility of tokenized assets in the financial ecosystem.

At the time of publishing this report, Ondo Finance’s native token, ONDO, is performing favorably in the market. It is currently trading at around $0.8308, up by 6.24% in the last 24 hours and 16.78% over the past 7 days.