Real-world assets (RWAs) tokenization platform TVVIN has expanded to Polkadot as part of its strategy to become an omni-chain platform.In a May 29 statement, the platform revealed it was launching its London Bullion Market Association (LBMA)-certified gold token (VVG) and its platform utility token (TVVIX) on Polkadot.By expanding to Polkadot, TVVIN aims to increase the availability of its RWA tokens across various blockchains, boosting flexibility and integration capabilities. This strategic shift will also enable easier integration with other chains like Cardano.Darko Mijic, CPO at TVVIN, further explained:“This move leverages Polkadot’s strengths to enhance scalability, security, and interoperability for our RWA tokenization platform.”The expansion to Polkadot also offers TVVIN several advantages, including comprehensive asset management, enhanced stability and security, low transaction fees, Polkadot-native USDC and USDT, seamless integration, EVM compatibility, wallet support, multi-signature solutions, and trustless bridges.TVVIN plans to leverage Polkadot’s unique shared system to achieve scalability and interoperability. This will broaden the utility and adoption of its tokens on Polkadot. It added:“With 50 parachains currently operating on Polkadot, our RWA tokens can be attractive to many parachains and decentralized applications (dApps) running on those parachains as treasury and DeFi assets.”TVVIN’s recent move highlights RWA tokenization trends in the digital asset industry. Major crypto firms, global banks, and asset management giants have been striving to digitize traditional financial instruments such as bonds, funds, and credit.Chainlink executive Niki Ariyasinghe recently highlighted that major financial institutions are gearing up to leverage the vast opportunities of tokenization. These institutions are moving from successful testnet pilots to launching their platforms on the mainnet, setting the stage to support trillions of dollars in tokenized assets.A report by asset manager 21.co predicted that the RWA market could reach $10 trillion by 2030. According to data from CryptoSlate, the total market cap of assets in the RWA sector currently stands at $41.2 billion.Disclaimer: CryptoSlate has received a grant from the Polkadot Foundation to produce content about the Polkadot ecosystem. While the Foundation supports our coverage, we maintain full editorial independence and control over the content we publish.Oluwapelumi values Bitcoin’s potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change. Daily digest of top crypto stories and market insights. Never miss out.SubQuery said these RPCs are the first on Substrate-based networks and will be operated by over 30 independent Node Operators.Hydration said the funding will boost the liquidity and efficiency of its single-sided liquidity provisioning platform, Omnipool.Accelerate Polkadot said it wants to provide the de facto answers to Polkadot’s developers questions.The Decentralized Fund inititaive is designed to support Polkadot-focused organizations with funding.CryptoSlate’s latest market report dives deep into the effects corporate Bitcoin purchases have on the market.Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
