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Traditional finance heavyweights and global banks are getting increasingly involved in the tokenization of traditional financial instruments, or real-world assets (RWA), placing bonds, funds, credit or commodities onto blockchain rails. The process promises operational benefits such as increased efficiency, faster and around-the-clock settlements and lower administrative costs.
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State Street Works on Tokenized Bonds and Money Market Funds, Has No ‘Current Plans’ of Stablecoin Project: Report
