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Major Banks Integrate Tokenized Assets Amid Crypto Institutional Shift

Steady: 1 in the last 7 days Updated saturday

The latest in this situation

  1. Franklin Templeton collaborates with Ripple on XRP Ledger, while DBS expands its digital asset offerings.
  2. DBS Bank announced issuance on XRP Ledger with Ripple, while BlackRock added its tokenized dollar fund to Avalanche and Ethereum.
  3. Major banks are beginning to integrate tokenized assets into their financial services.

How it started

1 report, 1 independent, last reported Sep 24. The briefing below covers this first event.

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Major banks are beginning to integrate tokenized assets into their financial services offerings. The value of these assets, which include U.S. Treasuries, commodities, and stocks, has grown 54% since the start of the year, reaching just over $39 billion. This adoption marks a period where traditional finance is increasingly launching blockchain-enabled products.

From americanbanker.com

Why it matters

Some supportBrind's analysis of the reports

The growing adoption of tokenized assets and stablecoins indicates that crypto is entering an institutional era. According to reports, only companies that provide real utility to established financial institutions are likely to survive this market shift.

From americanbanker.com

Who's involved

  • Bank of AmericaMajor financial institution adopting tokenized assets
  • CitigroupMajor financial institution competing in the financial services sector

How it developed

Newest first. Tap a step to see who reported it.
  1. DBS Bank announced issuance on XRP Ledger with Ripple, while BlackRock added its tokenized dollar fund to Avalanche and Ethereum.Sub-event
  2. Major banks are adopting tokenized assets in their services.1 source

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The entities involved

Related events

Coverage

Newest first; wire copies grouped