Pharos Network, a Layer 1 blockchain built to bridge traditional finance and decentralized systems, has launched its Testnet. Pharos Network aims to overcome long-standing challenges in real-world asset (RWA) tokenization with scalability and institutional-grade infrastructure. Founded by former AntChain and Alibaba blockchain executives, Pharos aims to redefine how assets such as real estate, renewable energy…
Sony-backed L2 Soneium teams up with Plume Network to bring real-world asset (RWA) yield onchain via SkyLink. Users can now access tokenized U.S. Treasuries and private credit natively in Soneium’s ecosystem. Plume, a full-stack RWA chain, has partnered with Soneium, an Ethereum Layer-2 developed by Sony Block Solutions Labs, to unlock new yield-generating opportunities for…
While digital currency markets have faltered, the tokenized real-world asset (RWA) ecosystem has flourished, eclipsing recent market turbulence with a 12.5% valuation climb over 30 days. Tokenized Treasury instruments, in particular, outpaced peers with an 8.7% leap across seven days. Tokenized Treasuries Hit $5.49B Tokenized Treasuries have jumped in growth over the past week, and…
On Sept. 30, Chainlink Labs announced that it was officially partnering with ANZ, a leading Australian bank with over $750 billion (more than a trillion AUD) in assets under management. The partnership is part of the Singaporean central bank’s (Monetary Authority of Singapore) Project Guardian. Chainlink will help enable the secure cross-chain exchange of tokenized…
On Sept. 11, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced that it was “paving the way towards real-world solutions that will enable our members to access and transact with regulated digital assets and currencies.” The organization has a vision of enabling its members to transact with both traditional and emerging crypto assets on…