Digital Asset Successfully Tokenizes British Gilts Using Canton Network

COINOTAG news, October 2, as reported by CoinDesk, Digital Asset, a firm specializing in RWA tokenization, announced the successful completion of a pilot program utilizing the Canton Network protocol to tokenize British gilts, European bonds, and gold for financial transactions. The pilot saw participation from prominent entities such as Euroclear, the World Gold Council, global law firm Clifford Chance, various banks, investors, and custodians. Conducted between June and July, the project aimed at creating digital versions of British gilts, European bonds, and gold to enhance collateral transparency, expedite transfer speeds, and achieve 24/7, near-instant settlement, effectively eliminating delays tied to traditional finance mechanisms. Reports from Boston Consulting Group and 21Shares forecast a potential market value for tokenized assets to surpass $10 trillion by the end of the decade, while McKinsey offers a more conservative estimate of $2 trillion.