Industry Leaders Announce Groundbreaking Tokenized Asset Coalition

Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch, and RWA.xyz aim to drive the adoption of tokenized real-world assets through education, advocacy, and innovation

New York City — September 7th, 2023 — The Tokenized Asset Coalition (TAC) launched today with industry leaders including Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch, and RWA.xyz as founding members. Together, these companies aim to bring the next trillion dollars of assets on-chain through real-world asset tokenization, education, and advocacy.

The Tokenized Asset Coalition champions the adoption of public blockchains, asset tokenization, and institutional DeFi to dramatically alter the way capital is formed, invested, and managed on-chain, paving the way for a more open, fair, and transparent system for investors.

The Tokenized Asset Coalition has three primary objectives:

• Education: Create and disseminate educational content, host events, facilitate analysis, and share insights about asset tokenization to foster trust and understanding within the ecosystem.
• Advocacy: Develop shared principles, best practices, and industry recommendations to promote a more compliant and sustainable environment for asset tokenization.
• Adoption: Actively work towards building on-chain infrastructure that scales to the needs of investors, issuers, protocols, platforms, and users, ​​driving the widespread adoption of tokenized real-world assets.

The Tokenized Asset Coalition believes that public crypto rails offer superior efficiency, cost savings, and transparency compared to legacy systems. By fostering collaboration, education, and the development of on-chain infrastructure, the Coalition aims to address the inefficiencies, lack of transparency, and fragmentation inherent in traditional financial systems. The Coalition takes a collaborative approach to uniting organizations with a shared vision for tokenized real-world assets and impactful use cases that deliver the true value of crypto.

“The true breakthrough of crypto’s institutional business value came with the emergence of DeFi and its intersection with off-chain assets or tokenized credit”, Thomas Bohner, CEO and founder of Credix, added. “We’re excited to join the Coalition as a founding member in order to support institutional adoption in the space through education and collaboration.”

The Tokenized Asset Coalition was formed with eight founding members. As new builders, industry leaders, and influencers come forward, the coalition welcomes the opportunity to expand and grow. The Coalition invites all relevant organizations to join its mission and contribute to the transformation of the financial landscape. Through collective efforts, a new era of efficiency, transparency, and accessibility in global finance can emerge.

About the Tokenized Asset Coalition

The Tokenized Asset Coalition seeks to unite traditional and crypto financial systems with the shared belief that many assets will eventually move on chain. By addressing the inefficiencies, opacity, and fragmentation of the current financial infrastructure, the Tokenized Asset Coalition aims to spearhead the next wave of digital transformation. The Coalition members, including Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch, and RWA.xyz, are on a mission to educate and advocate for shared principles and best practices and build the on-chain infrastructure of tomorrow.