Follow Us @
Banco BBVA joins tokenization and launches RWA token in experimental fund
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
Banco Bilbao Vizcaya Argentaria (BBVA), one of the largest financial institutions in Spain, decided to invest in tokenization technology by launching its own RWA (Real World Asset) token in an experimental fund.
This movement marks the growing interest of TradFi institutions, traditional financial system institutions, in exploring the potential of blockchain technology and decentralized systems to transform financial operations.
BBVA is using the “sandbox” regulatory environment of the National Securities Market Commission (CNMV). The environment allows companies to test new technologies under regulatory oversight.
BBVA’s initiative involves the launch of the BBVA Token Short-Term Fixed Income fund. The fund will be registered on a private blockchain provided by Allfunds, a technology company specializing in decentralized solutions.
BBVA joins RWA tokens
BBVA Asset Management, the bank’s asset management division, will be responsible for the administration and operation of the fund, using the decentralized infrastructure offered by Allfunds, with smart contracts and blockchain nodes developed especially for this project.
“The project marks an important step towards the adoption of a technology with broad transformative potential in asset management, starting in a controlled and regulated environment”, highlighted Belen Blanco, CEO of BBVA Asset Management Europe.
This controlled environment, provided by the sandbox, offers security and reduces risks, allowing BBVA to explore the benefits of tokenization in a scalable way.
The fund, which is operated like a traditional asset, allows investors to interact with it without having to deal with the complexity of a blockchain infrastructure. This approach makes the experience easier for those who have traditional financial knowledge but are not yet familiar with decentralized operations.
Furthermore, the initiative aims to assess the feasibility of implementing asset tokenization in the long term, in line with new decentralized finance (DeFi) trends that are gaining traction globally.
For now, only bank employees participate in the tokenized fund. This allows BBVA to closely monitor the performance of the fund and RWA assets without exposing clients to operational risks. This initial step provides a valuable opportunity for the institution to understand the impact of RWA tokens in a test environment. After that, the bank will be able to expand the offer to the general public.
Banco BBVA joins tokenization and launches RWA token in experimental fund
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
Banco BBVA joins tokenization and launches RWA token in experimental fund
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Banco BBVA joins tokenization and launches RWA token in experimental fund
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
Banco BBVA joins tokenization and launches RWA token in experimental fund
