R3, the financial markets digital solutions provider, announces considerable momentum across projects, having reached the milestone of $10 billion in on-chain real-world assets (RWAs) across live Corda-based platforms, with over “1 million transactions processed each day.”
Following the launch of its Digital Markets product suite in Jan 2024, this milestone is said to reflect recognition that FIs, infrastructure providers, and regulators must “prepare themselves for the new digital economy.”
Tokenization of RWAs has become a goal across the G7 and major markets globally, with “50% of institutional investors expressing specific interest in investing in tokenized assets, citing access to new capital and investors, cost savings, and operational efficiencies as key drivers.”
The RWA market has expanded by “80% over the past two years.”
This sector is poised for significant growth over the next decade, with Standard Chartered estimating that “demand for tokenized RWAs could reach $30.1tn by 2034.”
Corda is the infrastructure for “powering asset and currency tokenization for governments, central banks, and financial institutions globally.”
Starting with private networks allowed TradFi players to “launch and prove the value of this technology.”
The change in US administration and launch of DLT pilot programs globally is said to be perfectly timed to “provide the regulatory clarity, collaborative opportunities, and momentum to unite these highly successful networks with the broader public ecosystem to support liquidity and drive broader market adoption.”
This convergence will make the significant volumes of RWAs tokenized on private chains available “on public networks, enabling regulated institutions to leverage the distribution and flexibility of public blockchains while retaining valuable sovereignty and control over the networks they issue onto.”
David E. Rutter, Founder and CEO of R3 said:
“A decade after the birth of the Corda and Ethereum projects, the blockchain industry is now maturing. Throughout this evolution, R3 has remained at the forefront, leading the way in solutions for regulated markets and facilitating trillions in transactions since our inception. With over $10 billion in tokenized RWAs across its live networks, Corda is the backbone of the world’s largest financial-grade blockchain ecosystem. A surge in institutional interest, collaborative activity, and positive regulatory momentum – particularly in the US – positions R3 at a pivotal moment to capitalize on our experience and accomplishments as we continue to strengthen and expand the Corda ecosystem.”
Richard Gendal Brown, Founding CTO of R3, added:
“The move towards tokenization is now a reality. The public vs. private blockchain debate has raged for years, but the integration of private networks into regulated markets has opened the door for the next step. Overcoming regulatory hurdles and bringing financial institutions on-chain, R3’s $10 billion milestone signals the convergence of TradFi and DeFi, driven by RWA tokenization. With the most live in-production solutions and the rapidly growing tokenized RWA market on Corda, R3 is ideally positioned to lead this shift, providing the technological foundation for the next evolution of financial markets.”
As covered, R3 is the enabler of real-world asset (RWA) tokenization, digital currencies, and interoperability solutions.
R3 supports the world’s FIs and corporates with solutions that “progress market digitization.”
Corda is described as an “open, permissioned DLT platform powering the tokenization of assets and currencies connecting global markets.”
Corda enables tokenization with control, “providing diverse asset mobility in a secure, trusted environment.”
R3 is committed to progressing financial markets by “enabling an open, trusted and advanced digital economy for real-world assets.”
