Provenance Blockchain Now Has $12B+ in Real World Assets (RWAs) TVL

Provenance Blockchain Foundation is supporting the public blockchain for financial services, with $12B+ in RWA TVL.

This public (permissionless) blockchain is reportedly leveraged by various financial institutions and fintech firms.

 

According to the team at Provenance Blockchain Foundation, more than $12B in TVL or total value locked in real world assets or RWAs sits on Provenance today.

They claim that this is not hype and not speculation. They assert that this is real finance, that’s already onchain.

The team at the Provenance Blockchain Foundation added:

“Finance is evolving. Your portfolio won’t just be crypto, it’ll be tokenized real estate, private equity, stocks, and bonds. Markets won’t open at 9:30 AM and close at 4 PM. They’ll be always on, fully onchain, and available to everyone.”

These predictions are not too unrealistic or far-fetched. For instance, investing and trading platforms like Robinhood are executing trades only during market hours. When you initiate a trade at a time other than between the usual 9:30 AM to 4 PM timeframe, your order gets queued until markets re-open. Once markets are live, the order is finally executed.

With the rapid rise of Fintech innovations and digitalization of financial services, it is only a logical step forward for markets to operate 24 hours a day and 7 days a week without missing a beat.

In addition to seamless access to advanced trading and investing platforms, there will be many new investors entering the market with varying levels of skill, aptitude, and experience. To accommodate a significant (projected) rise in younger traders, platforms will have to make investing more intuitive, painless, and accessible.

It’s also clear that investing will not just consist of Bitcoin and other crypto-assets. There’s fractionalized real estate, bonds, and many other forms of alternative assets that can make up a diversified investment portfolio. It should also become a lot easier to move monetary value around the clock with the emergence of stablecoins that can be accessed outside of typical banking hours.



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