- The Hong Kong Securities and Futures Commission (SFC) mandated stringent compliance requirements for financial institutions.
- HashKey Holdings Limited implemented its onshore compliance strategy in Hong Kong.
- The market for RWA tokenization is accelerating its commercialization while entering a phase of cyclical consolidation.
CoinRabbit enables advanced use of Tether Gold (XAUT) in RWA market
What happened
CoinRabbit has integrated Tether Gold (XAUT), providing exposure to physical gold on blockchain rails. The platform allows XAUT holders to utilize their tokens for storage, crypto swaps, and crypto-backed loans. This functionality allows holders to borrow against their gold position without needing to sell it to access liquidity.
From finchannel.com
Why it matters
The development highlights the growing commercialization of the real-world asset (RWA) market. By enabling these functions, CoinRabbit integrates traditional assets into blockchain-based financial infrastructure, allowing XAUT to be used within a digital-asset portfolio.
The market for RWA tokenization is accelerating its commercialization while entering a phase of cyclical consolidation.
From finchannel.com