Digital Asset completes pilot project on tokenization of UK bonds, gold, etc. with Euroclear, World Gold Council and other institutions

Odaily Planet Daily News RWA tokenization company Digital Asset said on Tuesday that it has completed a pilot program to tokenize British gilts (gilts), Eurobonds and gold for financial transactions using the Canton Network protocol.
Major securities settlement provider Euroclear, the World Gold Council and global law firm Clifford Chance also participated in the process along with other banks, investors, custodians and a central securities depository.
In the pilot project from June to July, the project created digital representations of British gilts, Eurobonds and gold for use as collateral, with greater transparency, faster transfer speeds and 24/7, near-instant settlement between parties, without the delays associated with traditional financial tracks.
It is reported that the report by Boston Consulting Group and 21Shares predicts that in an optimistic scenario, the market value of tokenized assets will exceed $10 trillion by the end of this decade, while McKinsey predicts that it will reach $2 trillion by then in its base case. (CoinDesk)