Press release relay. Tokenization is a central area of our ecosystem. Recently, we have seen a proliferation of projects Real World Asset or RWA. These aim to tokenize real-world assets on public blockchains. In this area, a new protocol entitled Collaterize emerges with the launch of its first public testnet.
- The Collaterize blockchain has emerged as a promising player in the tokenization of real-world assets.
- Collaterize has launched its first public testnet, marking a significant milestone for RWA tokenization platforms.
Collaterize: the blockchain specialized in RWA
Collaterize Protocol is a so-called layer-1 blockchain, designed specifically for tokenization and settlement of real-world assets (Real-World Assetsor RWA).
As it is aimed more at institutional clients, Collaterize has a infrastructure compliant with standards necessary for this type of investor.
“We developed a Tier 1 blockchain to serve as the decentralized infrastructure for our marketplace. This foundational layer allows us to implement compliance functions directly at the wallet level, eliminating friction and the need for separate verification for each token issuer. »
Under the hood, every tokenized asset on the platform is guaranteed by equivalent physical or financial reserves in a ratio of 1:1. Additionally, Collaterize has a automatic reserve verification mechanism. To do this, the protocol uses a mechanism that associates each token with its underlying collateral. This ensures that users or investors can have confidence in the value of the assets they purchase, without the risk of loss due to reserve default.
“The protocol’s infrastructure, which is backed by reserves, ensures full collateralization of assets and provides users with verifiable proof of reserve management. »
Well, that Compatibility with Ethereum Virtual Machine (EVM) facilitates the movement of funds from the main blockchains or compatible layers-2 EVMs.
A first public testnet
Tuesday, November 26, the Collaterize teams announced a major milestone in their development with the launch of a first public testnet.
“This milestone marks the establishment of an interconnected infrastructure for the Stablecoin and RWA tokenization platforms, meeting the distribution needs of Web2 users and institutional organizations. »
Real World Assets (RWA) are booming in our industry. So that this field attracts giants such as BlackRock. Indeed, the global finance giant unveiled BUIDL last March, a tokenized fund deployed on Ethereum.
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