Australia to test CBDCs, stablecoins in next stage of crypto play

Asset Tokenization: The Bridge Between Traditional Finance and Web3Asset Tokenization is becoming an essential bridge between traditional finance and the transformative blockchain sector, experiencing a meteoric rise. From a modest $100 million, tokenized #RWAs have ballooned to $1 billion within a year, positioning themselves as the eighth-largest sector in decentralized finance (DeFi), surpassing derivatives. This rapid growth is gaining substantial institutional attention, as evidenced by #BlackRock's offering of tokenized shares, Goldman Sachs issuing €100 million in digital bonds, and the US Treasury bills market attaining a $617 million valuation. Did you know that other parts of the economy such as natural resources (oil, minerals, coal...etc.), equities, IP, and treasuries are being tokenized?Our partner @RedbellyNetwork is set to be a dominant force in RWA tokenization through their purpose-built Layer 1 chain, with our platform being utilized as a key asset management and Web2 compliance layer. Redbelly has already partnered with Hutly @HutlyAustralia for the tokenization of $1.8 billion in rent rolls and is collaborating with prestigious partners including the DFCRC, the Australian Research Council, the University of Sydney, and the Commonwealth Science and Industrial Research Organisation’s (CSIRO) Data 61. Blubird's partnership with Redbelly marks a significant advancement in the field, as we set to incorporate Redbelly’s L1 technology to facilitate the tokenization of RWAs and the deployment of tokens.Learn more here: https://t.co/qpGd8j8L2V