TL;DR: The proposal covers more than representing an asset with an on-chain token. A strategic partnership does not establish that the platform is fully operational, that collateral has already changed hands...
Summary
- TL;DR: The proposal covers more than representing an asset with an on-chain token.
- A strategic partnership does not establish that the platform is fully operational, that collateral has already changed hands or that tokenized instruments have universal legal recognition.
- Hanwha Investment & Securities announced on October 29 that it would adopt Chainlink data standards and the Cross-Chain Interoperability Protocol for a global real-world asset tokenization platform.
- The financial firm and Chainlink also formed a working group on collateral and institutional use cases.
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