Tokenized government bonds free up liquidity in traditional financial systems
Cointelegraph
Published Nov 28, 2022 10:33AM ET
Updated Nov 28, 2022 12:20PM ET
A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize traditional financial systems. For instance, El Salvador’s Bitcoin Volcanic bond project has been in the works for over a year and aims to raise $1 billion from investors with tokenized bonds to build a Bitcoin city.
The Central Bank of Russia has also expressed interest in tokenized off-chain assets. In addition, the Israeli Ministry of Finance, together with the Tel Aviv Stock Exchange (TASE), recently announced the testing of a blockchain-backed platform for digital bond trading.
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Written By: Cointelegraph
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