BitGo and Core Chain have announced a partnership to launch a tokenization framework for real-world assets (RWA), including physical gold, real estate, and artwork. The collaboration highlights the crucial role of custody in RWA projects, providing legal and custodial support for institutional-grade asset tokenization on blockchain. Core Chain leverages this to enter the institutional RWA market, moving beyond conventional cryptocurrency trading. The tokenization of real-world assets requires addressing complex issues such as custody, valuation, and legal rights. BitGo's involvement brings stronger institutional endorsement to on-chain assets, according to a report from Techub News.
BitGo and Core Chain have teamed up to roll out a tokenization framework for real-world assets (RWA), covering physical gold, real estate, and artwork. The deal puts custody front and center in RWA projects, with legal and custodial backing for institutional-grade asset tokenization on blockchain.
With this partnership, Core Chain steps into the institutional RWA market, pushing past the usual cryptocurrency trading use cases. It’s not simple. Turning real-world assets into tokens means dealing with messy issues like custody, valuation, and legal rights. And BitGo’s part in it gives on-chain assets firmer institutional backing, according to a report from Techub News.
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