Nearly 40 financial institutions, including JPMorgan, Goldman Sachs, Invesco and Citadel Securities, have joined a real-time Wall Street trial testing tokenized assets on multiple blockchain networks. According to Bloomberg, the experiment aims to explore the feasibility of tokenizing traditional financial assets on distributed ledgers. Participants span major investment banks, asset managers and securities dealers, a sign that mainstream finance keeps pushing into blockchain technology.
Almost 40 financial institutions — among them JPMorgan, Goldman Sachs, Invesco and Citadel Securities — have signed on to a live Wall Street test of tokenized assets across several blockchain networks, Bloomberg reports.
The trial is meant to find out whether traditional financial assets can be turned into tokens on distributed ledgers. The group involved includes big investment banks, asset managers and securities dealers. A broad mix. And it suggests interest in blockchain use across traditional finance is still sticking around.
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