Digital Asset has completed pilot projects for the tokenization of UK bonds and gold with institutions such as Euroclear and the World Gold Council

ChainCatcher news, according to CoinDesk, RWA tokenization company Digital Asset announced on Tuesday that it has completed a pilot program to tokenize UK bonds (gilts), European bonds, and gold for financial transactions using the Canton Network protocol. Major securities settlement provider Euroclear, the World Gold Council, and global law firm Clifford Chance also participated in this process along with other banks, investors, custodians, and a central securities depository.

During the pilot project from June to July, the project created digital representations of UK government bonds, European bonds, and gold to be used as collateral, offering greater transparency, faster transfer speeds, and near-instant settlement between parties around the clock, without the delays associated with traditional financial rails. According to a report by Boston Consulting Group and 21Shares, in an optimistic scenario, the market value of tokenized assets is expected to exceed $10 trillion by the end of this decade, while McKinsey predicts it will reach $2 trillion in its base case by then.