Federal Reserve to Host Payments Innovation Conference Amid RWA Tokenization Surge
- The Federal Reserve will hold a conference on payments innovation on Oct. 21, focusing on tokenization and DeFi.
- Onchain value of tokenized real-world assets (RWAs) has reached an all-time high of $27.8 billion, up by 223% this year.
- Ethereum holds a dominant market share of 56% for asset tokenization, rising to over 77% when including layer-2 networks.
- Chainlink partnered with Ondo Finance to launch a platform featuring over 100 tokenized US stocks and ETFs, now live for non-US investors.
The upcoming conference aims to explore advancements in the payments system, particularly through the lens of DeFi and stablecoin applications. This focus aligns with the increasing interest in RWAs following recent legislative changes in stablecoin regulation.
With the onchain value of RWAs hitting $27.8 billion, the discussions at the Federal Reserve’s conference are timely for shaping future innovations in finance.(Source)
