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BNB Chain has unveiled a new real-world asset tokenization service that provides individuals and businesses with a no-code solution to tokenize real-world assets in “minutes.”
According to the announcement, the new service streamlines the process of asset tokenization through in-built compliance tools and clear guidance through each step of the tokenization process — including asset securitization and onchain minting of tokens.
Outsourcing the tokenization process to the BNB Chain’s tokenization solution significantly reduces the cost, time and labor required to tokenize assets, lowering the barrier to entry for small businesses seeking to leverage real-world asset tokenization.
<figure>
 <img alt="Tokenization, RWA Tokenization" src="https://s3.cointelegraph.com/uploads/2024-11/01930273-ea77-765a-9a76-e272c174f29e" title="">
 <figcaption style="text-align: center;">
 A simplified graphic illustrating the asset tokenization process. Source: BNB Chain
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Tokenizing physical assets provides several benefits to businesses, including the fractional ownership of assets such as art, securities, collectibles and carbon credits. Tokenization can also create cost efficiencies in customer loyalty and rewards programs to encourage consumer engagement.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/mas-asset-tokenization-framework-commercialization" rel="" target="_self" text="null" title="https://cointelegraph.com/news/mas-asset-tokenization-framework-commercialization">Singapore advances asset tokenization with new MAS frameworks</a>
<h2 id="real-world-asset-tokenization-a-major-use-case-for-crypto">Real-world asset tokenization: A major use case for crypto</h2>
BNB Chain’s new tokenization solution is one of the many initiatives focused on bringing real-world assets onchain — a market sector that could <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/real-world-asset-tokenization-sector-six-hundred-billion-aum-five-years-bcg" rel="" target="_self" text="null" title="https://cointelegraph.com/news/real-world-asset-tokenization-sector-six-hundred-billion-aum-five-years-bcg">grow to encompass $600 billion</a> in assets under management by 2030.
Nowhere else is the growing trend in real-world asset tokenization more apparent than in the stablecoin market. On Oct. 29, 2024, the United States Treasury Department <a data-ct-non-breakable="null" href="https://home.treasury.gov/news/press-releases/jy2699#:~:text=The%20presenting%20member%20observed%20that,for%20short%2Ddated%20Treasury%20securities." rel="nofollow noopener" target="_blank" text="null" title="https://home.treasury.gov/news/press-releases/jy2699#:~:text=The%20presenting%20member%20observed%20that,for%20short%2Ddated%20Treasury%20securities.">highlighted</a> that stablecoin issuers are <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/stablecoins-boosting-demand-us-treasury-bills" rel="null" target="null" text="null" title="null">boosting demand for US debt</a>.
More specifically, stablecoin firms are purchasing US Treasury bills and other short-term cash equivalents to back their digital fiat tokens, shoring up demand for the US dollar in the face of <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/chinese-digital-yuan-cbdc-used-first-time-settle-cross-border-oil-deal" rel="null" target="null" text="null" title="null">de-dollarization efforts by sovereign holders</a> of US debt.
In early November 2024, the Monetary Authority of Singapore (MAS), the SWIFT interbank messaging system, oracle network Chainlink and banking giant UBS announced the successful conclusion of a pilot program to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/swift-ubs-chainlink-tokenized-fund-settlement-pilot" rel="null" target="null" text="null" title="null">test tokenized fund settlement</a> between entities.
The pilot program introduced transactions that could be settled in fiat currencies or non-blockchain funds, opening the door for traditional financial institutions to take advantage of tokenized assets without needing to hold any cryptocurrencies.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/tokenizing-music-royalties-nfts-taylor-swift-3lau-nas-the-weeknd/" rel="" target="_self" text="null" title="https://cointelegraph.com/magazine/tokenizing-music-royalties-nfts-taylor-swift-3lau-nas-the-weeknd/">Tokenizing music royalties as NFTs could help the next Taylor Swift</a>

BNB Chain reveals no-code real-world asset tokenization service

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Cointelegraph

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