Stock tokenization begins as BlackRock ETF can now be traded on Uniswap BlackRock iSharesCoreSP500ETF CSPX
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“Permissionless tokenized securities are here thanks to Backed Finance,” said Sébastien Derivaux, an Asset-Liability Manager for MakerDao. Backed Finance launched in early 2021, receiving funding from multiple firms including Gnosis, Semantic Ventures, and Stratos Technologies. The company is based in Zug, Switzerland, and has been approved to operate in both Switzerland and Liechtenstein.
As more products available on traditional markets get tokenized and ported into DeFi and investors are able to tap into the value held in other assets and put it to work in the crypto ecosystem, the number of funds locked in the growing sector is sure to increase. Currently, there are only 100 tokenized shares that have been minted, and demand remains low, partially due to the fact that the token hasn’t been widely integrated across the DeFi ecosystem yet, the report said. Many platforms are cautious about running afoul of regulators in the U.S. who might not view the tokens as properly regulated.
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