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The proposed move would allow eligible users to acquire up to four times more tokens than the standard quota per wallet, among other benefits.

The Financial Stability Board identified three vulnerabilities of tokenization: The underlying reference asset; the participants in distributed ledger technology based tokenization projects; and new technology's interaction with legacy systems.

There aren't enough secondary markets that support tokenized assets, and they come with risks, the ratings company said.

The institutional real-world asset lending market combines Coinbase’s layer-2 network, Base, and Morpho Vaults using three varieties of tokenized Treasury bills.

The fundraising will help accelerate Backed's private tokenization offering and onboard asset managers to blockchains, the company said.

The fundraising will help accelerate Backed's private tokenization offering and onboard asset managers to blockchains, the company said.

ENor Securities, an exchange based in El Salvador, will offer Backed’s bTokens to retail investors in Latin America.

ENor Securities, an exchange based in El Salvador, will offer Backed’s bTokens to retail investors in Latin America.

CFG, the protocol's native token, spiked as much as 14% after the announcement before paring gains and outperformed other DeFi tokens.