Key milestones in Traditional Financial Assets Tokenization

Key milestones in Traditional Financial Assets Tokenization

Jan 10, 2024

2016-2017

  • MAS (Monetary Authority of Singapore) Pilot: Tested digital SGD on Ethereum (Quorum) for interbank settlement.

  • J.P. Morgan and Canada's National Bank: Issued a $150 million certificate of deposit on Ethereum (Quorum).

  • MAS Testing: Explored Real-Time Gross Settlement Systems on Ethereum (Quorum), Hyperledger Fabric, and R3 Corda.

  • LuxDeco Bonds: Issued on Ethereum Tether, surpassing $1 billion USD market cap.

2018

  • ING and Credit Suisse: Completed a €25 million securities lending deal on R3 Corda.

  • Sberbank: ₱750 million ruble bond transaction on Hyperledger Fabric.

  • MAS and SGX (Singapore Exchange): Developed DVP (Delivery Versus Payment) capabilities on Anquan and Ethereum (Quorum).

  • World Bank and Commonwealth Bank of Australia: Issued AU$110 million bond on Ethereum.

  • Passos and Centre (Circle, Coinbase): Released USD stablecoins (USDP and USDC) on Ethereum.

  • St. Regis Aspen: Issued real estate equity on Ethereum.

2019

  • J.P. Morgan: Launched JPMCoin, a USD payment product, on Ethereum (Quorum).

  • BBVA: Issued a green bond through resilience ventures on Hyperledger Fabric.

  • Societe Generale: Issued €100 million covered bonds on Ethereum.

  • MAS, Bank of Canada, and Bank of England: Tested cross-border CBDC payments on Ethereum (Quorum) and R3 Corda.

  • Consilience Group Ltd Launches fully tokenized start-up accelerator VC Consilience Ventures, co-invest with Village Global, Slow Ventures, Catapult Ventures and more US and UK based VCs.

  • Franklin Templeton: Recorded ownership of money market fund shares on Stellar.

  • Bank of China: Issued a ¥19.4 billion bond on Neo.

2020

  • Nomura, DoubleLine, and others: Issued $159 million asset-backed securities on Provenance Blockchain.

  • Vanguard: Launched asset-backed security on Symbiont DLT.

  • MAS and J.P. Morgan Pilot: Multi-currency payments network on Ethereum (Quorum) supporting trade finance.

  • J.P. Morgan: Introduced intraday repo on Ethereum (Onyx Digital Assets).

2021

  • DBS, J.P. Morgan, and Temasek: Launched Partior platform for cross-border payments on Ethereum (Quorum).

  • Societe Generale: Issued €100 million bond on Ethereum.

  • Arca Labs: Released €5 million structured note on Tezos.

Banque de France and Euroclear: French Government Bonds Pilot Settlement on Hyperledger Fabric for CBDC.

2022

  • Apollo: Digital mortgages on Provenance Blockchain.

  • Consilience Group: Roll out end-to-end asset tokenization services under FCA and SEC making professional investors capable to launch and manage investment vehicles online while leveraging their network.

  • MakerDAO and BlockTower: $220 million Ethereum credit fund.

  • BNP Paribas: Bonds for green energy on Ethereum.

  • Goldman Sachs and BNY Mellon: Agency securities lending transactions on R3 Corda (HQLAx).

  • J.P. Morgan's Project Guardian: FX transaction (SGD/JPY) on Polygon.

2023

  • EIB (European Investment Bank): £50 million bond on Hyperledger Fabric.

  • HKMA (Hong Kong Monetary Authority): HK$800 million green bond on Hyperledger Besu and Canton.

  • Siemens: €60 million bond on Polygon.

  • Franklin Templeton: Launched a 40 Act money market fund on Polygon and Stellar.

  • Paypal: Released PYUSD, a USD stablecoin on Ethereum.

  • Citi: Managed over $900 billion in syndicated loan commitments on Canton (Versana).

  • UBS VCC: Money market fund on Ethereum as part of MAS' Project Guardian.

  • Barclays, Blackrock, and J.P. Morgan: Tokenized money market funds as collateral on Ethereum (Onyx Digital Assets).

  • WisdomTree, Apollo, and J.P. Morgan: Tested automated portfolio construction on Ethereum (Onyx Digital Assets), Provenance Blockchain, and Avalanche.