Digital Asset Co-creation Consortium (DCC), organized by Progmat, which is involved in the issuance and management of security tokens (digital securities) and stablecoins, announced the results of the scheme review for the Real World Asset (RWA) Token business on January 22. (DCC, 292 member organizations).
The RWA Token Working Group (WG) established within DCC for the purpose of utilizing tokens backed by Japanese sake, whiskey, paintings, luxury watches, etc., conducted the review.
In a global context, it is predicted that the RWA market will reach 16 trillion dollars in size by 2030, and the domestic security token (ST, digital securities) market is growing, with the imminent introduction of stable coins (SC).
However, the area covered by RWA is wide, and DCC has started considering the business scheme since January 2023, positioning those that do not fall under financial regulations as "narrow RWA" unlike domestic ST. We have been considering cooperation with a "traceable platform" that can demonstrate that each RWA is genuine as the key to popularization.
WG initially started as 'Sake Token WG 4', aimed at solving issues in the Japanese sake industry. Later, it was reorganized as 'RWA Token WG' with the aim of expanding horizontally.
The study results can be viewed below.
WG review result:
Based on the scheme summarized in this consideration, we will proceed with specific case studies and aim to issue and circulate RWAToken by 2025.
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Progmat hosted DCC, and announced the results of the RWAToken business scheme | CoinDesk JAPAN
Digital Asset Co-creation Consortium (DCC), organized by Progmat, which is involved in the issuance and management of security tokens (digital securities) and stablecoins, announced the results of the scheme review for the Real World Asset (RWA) Token business on January 22. (DCC, 292 member organizations).
The RWA Token Working Group (WG) established within DCC for the purpose of utilizing tokens backed by Japanese sake, whiskey, paintings, luxury watches, etc., conducted the review.
In a global context, it is predicted that the RWA market will reach 16 trillion dollars in size by 2030, and the domestic security token (ST, digital securities) market is growing, with the imminent introduction of stable coins (SC).
However, the area covered by RWA is wide, and DCC has started considering the business scheme since January 2023, positioning those that do not fall under financial regulations as "narrow RWA" unlike domestic ST. We have been considering cooperation with a "traceable platform" that can demonstrate that each RWA is genuine as the key to popularization.
WG initially started as 'Sake Token WG 4', aimed at solving issues in the Japanese sake industry. Later, it was reorganized as 'RWA Token WG' with the aim of expanding horizontally.
The study results can be viewed below. WG review result:
Based on the scheme summarized in this consideration, we will proceed with specific case studies and aim to issue and circulate RWAToken by 2025.