Seeds of Wisdom RV and Economic Updates Saturday Afternoon 11-16-24
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FINANCIAL INSTITUTIONS WILL DRIVE RWA TOKENIZATION’S TRILLION-DOLLAR GROWTH
The real-world asset tokenization industry is projected by some to exceed $30 trillion by 2030, driven by nimble and mainstream financial institutions.
Financial institutions will be the main drivers of the growing tokenization industry leading up to 2030, which could potentially see more than 50-fold growth.
Real-world asset (RWA) tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities around these assets.
Large financial institutions will be the main drivers of the tokenization sector’s significant growth, according to Jesse Knutson, the head of operations at Bitfinex Securities.
Institutions are already driving significant growth in the crypto industry, which could spill over into the tokenization sector, Knutson told Cointelegraph during an exclusive at Plan B Lugano:
“It's the more nimble institutions, the fast movers, like the family offices, those kind of guys. I think they'll have an outsized impact in these early days. But eventually, the benefits of tokenization, they're going to pull in the mainstream institutional investors.
Some of the world’s largest financial institutions and business consulting firms say the RWA sector may see a more than 50-fold increase by 2030, potentially reaching over $30 trillion.
Tokenized securities: a $ trillion opportunity
Most firms predict that the RWA sector will reach a market size of between $4 trillion and $30 trillion by 2030.
RWA tokenization, market size predictions by 2030. Source: Tren Finance
If the sector were to achieve the median prediction of about $10 trillion, it would represent more than 54 times growth from its current value of around $185 billion, including the stablecoin market, according to a Tren Finance research report.
Still, stablecoins continue to dominate the RWA sector, accounting for over $170 billion of the market as of October 2024. In comparison, securities and treasuries tokenized onchain are valued at $2.2 billion.
RWA sector will follow the crypto industry’s growth trajectory: Bitfinex
Bitcoin saw significant growth this year, rising over 116% year-to-date, after receiving a significant institutional nod in the form of the first spot Bitcoin exchange-traded funds (ETFs) in the United States.
The RWA tokenization industry will likely follow the growth trajectory of the crypto space, said Bitfinex Securities’ Knutson:
“The consensus view is that markets are going to evolve, and the direction they're probably going to evolve is, is something similar to how the digital asset industry has grown over the years.”
Increasingly, more institutions are betting on the RWA sector’s success, including the world’s largest asset management firm, BlackRock. Other financial institutions are running tokenization pilots, including UBS Asset Management.
@ Newshounds News™
Source: CoinTelegraph
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HBAR GOES TO SPACE! SPACEX AND HEDERA TO PIONEER SATELLITE PAYMENT NETWORKS
▪️Hedera Hashgraph could be powering SpaceX to space after multiple key figures confirmed a groundbreaking partnership with Elon Musk’s company.
▪️Hedera’s ability to process trillions of transactions per second and track space traffic was part of the several reasons for its consideration.
Hedera Hashgraph (HBAR) could soon go into space as a renowned crypto investor and expert discloses a groundbreaking partnership with SpaceX. According to Shawn, Hedera would be primarily responsible for facilitating crypto transactions in space.
Meanwhile, this could mark a huge breakthrough for satellite-to-satellite payment networks while subjecting transactions across Earth and space to a significant transformation.
Why Hedera?
According to experts, Hedera provides cutting-edge solutions to all the challenges of the previous blockchain technologies. Explaining this in a blog post authored by Shawn in 2023, it was disclosed that Hedera can facilitate trillions of transactions per second.
Comparatively, Ethereum can only manage 12-15 transactions per second. Meanwhile, Hedera executes these levels of operation while consuming 970.000.000 less energy than Ethereum.
Explaining the application of Hashgraph in space, Shawn highlighted five key use cases in his post.
Secure Satellite Communication and Payment Networks
According to Shawn, SpaceX’s Starlink has issues with making uncensored, fast, and secure internet connectivity worldwide.
This has been a challenge since its internet access depends on the server infrastructure on Earth. In this case, a targeted attack on the data centers or global nuclear fallout could render this infrastructure useless. Fascinatingly, the use of Hashgraph technology alongside Starlink, according to Shawn, could put these disruptions under control.
Tokenization of Resources from Asteroid Mining
Shawn also argued that asteroids could be tokenized on Hashgraph with the extraction of the resources financed by people globally.
Space Supply Chain Management
Hashgraph is also reported to possess the ability to enable companies to monitor the carbon emissions of their supply chain. In addition to that, they can keep progress in every step of their production of a rocket from start to finish.
Tracking & Management of Space Traffic
According to the report, Hashgraph possesses unique qualities for managing space traffic. Seven of these features listed by Shawn are:
▪️Real-Time Monitoring and Coordination
▪️Decentralization
▪️Consensus and security
▪️Efficiency and scalability
▪️Interoperability
▪️Smart contract for automated responses
▪️Data integrity and transparency.
Smart Contracts for Autonomous Spacecraft and Space Vehicles
The combination of artificial intelligence and Hedera is reported to enable spacecraft and space vehicles to autonomously make decisions. Fascinatingly, this is said to be done by executing different predefined scenarios without necessarily minimizing human errors.
Smart contracts can be programmed with logic that allows spacecraft to make decisions based on real-time data. For example, if a satellite detects an obstacle or another satellite on a collision course, the smart contract can automatically execute maneuvers to avoid a collision without the need for ground intervention.
According to our investigation, the movement of Hedera to space has also been confirmed by the CEO of WISeKey Carlos Creus Moreira.
In his announcement on X, Moreira disclosed that this groundbreaking mission would redefine innovation.
World-first: testing the exchange of SEALCOIN directly from space as a proof of concept. This is a major leap forward in secure satellite communication and blockchain integration with Hedera Hashgraph, paving the way for the future of space-based digital cryptocurrency transactions.
Meanwhile, CNF has also reported that Cardano could be embarking on a partnership journey with SpaceX with the co-founder Charles Hoskinson recently dropping a teaser on X.
At press time, HBAR was trading at $0.085 after surging by 21% in the last 24 hours.
@ Newshounds News™.
Source: Crypto News Flash
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🌱MASSON CLASS 1) ID REQUIREMENTS FOR CRIMINAL TRESPASS SHERIFF HANDBOOK - ARE YOU FREE? | Youtube
Did you miss the Friday Night Constitutional Call last night? You can catch it on our Youtube Channel at the link above. Learn the steps to change your status to return your power and rights as a Citizen of the State.
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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