Axelar Foundation and Citigroup release joint research report to explore improving accessibility and liquidity of tokenized assets

Axelar Foundation, Citibank, Deutsche Bank, Mastercard, Northern Trust and Centrifuge released a joint research report in Axelar Foundation and Metrika, "Institutional Interoperability: How Financial Institutions Navigate the Multi-Chain World", which explores how to improve the accessibility and liquidity of tokenized assets while combining flexibility, privacy, transparency and scalability. Tokenized assets are on-chain representations of financial assets such as real estate, currency and securities. A recent report released by Boston Consulting Group and market operator ADDX predicts that the value of tokenized assets will reach trillions of dollars within a decade. All institutions involved in the report emphasized that in order to realize this potential, an interconnected network model that includes multiple blockchains and traditional systems needs to be established. (financewire)