Tokenization

Galaxy Report: ETH Dominates Enterprise Blockchain Adoption with Use Cases like NFT and RWA Tokenization

ChainCatcher news, according to Bitcoin.com, based on a report by Galaxy Digital's Vice President of Research Christine Kim, over 50 traditional companies, including financial institutions like Deutsche Bank and Paypal, as well as brands like Louis Vuitton and Adidas, are developing cryptocurrency-specific applications on Ethereum and its L2 networks, focusing on non-speculative use cases such as RWA tokenization, NFTs, Web3 gaming, and scalable infrastructure.The report states that Ethereum is leading in RWA tokenization, with the value of managed assets nearly 10 times that of Stellar. Among 20 financial institutions building crypto infrastructure, 13 are issuing RWA, including BlackRock's BUIDL. Stablecoins are also thriving on Ethereum, with Paypal's PYUSD and Robinhood's USDG driving a 70% supply surge in 2024, while Ethereum holds over 50% of the $400 billion stablecoin market.Investment in scalable infrastructure emphasizes enterprise adoption. Deutsche Bank is developing a compliant financial solution on Ethereum L2 with ZKSync, while Sony's L2 project Soneium targets gaming and entertainment. These projects highlight Ethereum's role as a customizable foundation for enterprise-grade blockchain.Additionally, the centralized roadmap for Ethereum L2 balances scalability and security, attracting institutions seeking effective on-chain solutions. Regulatory tailwinds, including the SEC's focus on tokenization and collaborations like Stripe's $1 billion acquisition of stablecoin platform Bridge, indicate increasing mainstream adoption.Galaxy's report concludes that Ethereum remains the preferred chain for finance-focused crypto services, with RWA and stablecoins expected to expand by 2025. Kim noted, "As the most decentralized, widely covered, and longest-running general-purpose blockchain, Ethereum serves as a gateway for many institutions to incubate and launch finance-focused crypto services and products."

Mastercard disclosed that 30% of its transactions were tokenized in 2024

ChainCatcher news, according to Cointelegraph, global payment service giant Mastercard reports that 30% of its transactions will be tokenized by 2024; at the same time, Mastercard also recognizes the ability of stablecoins and other cryptocurrencies to disrupt traditional financial services.In documents submitted to the U.S. Securities and Exchange Commission (SEC), the company stated that it has made significant progress toward achieving its goal of an "innovative payment ecosystem," including transaction tokenization, creating solutions to unlock blockchain-based business models, and simplifying access to digital assets. Mastercard stated that it is collaborating with a range of cryptocurrency participants to enable consumers to purchase cryptocurrencies using credit cards and spend balances at merchants that accept its brand. The company also reported a net income of $28.2 billion for 2024, a 12% increase from the previous year.Mastercard acknowledges that stablecoins and other cryptocurrencies are becoming competitors in the payment industry. The company stated that digital currencies have the potential to "disrupt traditional financial markets" and may challenge its existing products. The company noted that due to the accessibility, immutability, and efficiency of digital assets, stablecoins and cryptocurrencies may become more popular as they are regulated.

AllianceDAO Founder: Currently, most AI+Crypto projects are rather forced, and tokenization is becoming a new model for entrepreneurship

ChainCatcher news, Imron Khan and Qiao Wang, founders of the Web3 venture accelerator AllianceDAO, recently pointed out in a podcast that most projects combining AI and blockchain are currently somewhat forced. Truly successful projects should allow AI to naturally integrate into blockchain applications, enabling users to experience enhanced product performance without overly focusing on the underlying technology.In response to market trends, they emphasized three directions: first, rumors about the U.S. potentially establishing a Bitcoin strategic reserve have attracted market attention, and if implemented, it would significantly boost institutional investment demand; second, in the competitive landscape of public chains, Solana has become the top choice for entrepreneurs due to its strong performance, with rapid ecosystem expansion, while Coinbase's Base public chain faces challenges due to insufficient liquidity.At the same time, new public chains like Sui and Aptos are challenging traditional L2 solutions; finally, tokenization is becoming a new entrepreneurial model, such as the Vine founder's plan to relaunch the app through token issuance, and the TRUMP token leveraging political influence to achieve market cap growth. This model may reshape project fundraising and user participation mechanisms.
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