Real-world assets (RWAs) tokenization platform TVVIN has expanded to Polkadot as part of its strategy to become an omni-chain platform.

On May 29, TVVIN announced it was launching its London Bullion Market Association (LBMA)-certified gold token (VVG) and its platform utility token (TVVIX) on Polkadot.

Why Polkadot?

TVVIN aims to increase the availability of its RWA tokens across various blockchains by expanding to Polkadot, enhancing flexibility and integration capabilities. This strategic move will also facilitate easier integration with other chains like Cardano.

Darko Mijic, CPO at TVVIN, explained:

“This move leverages Polkadot’s strengths to enhance scalability, security, and interoperability for our RWA tokenization platform.”

Expanding to Polkadot offers TVVIN several benefits, including comprehensive asset management, enhanced stability and security, low transaction fees, Polkadot-native USDC and USDT, seamless integration, EVM compatibility, wallet support, multi-signature solutions, and trustless bridges.

TVVIN plans to use Polkadot’s unique shared system to achieve scalability and interoperability, broadening the utility and adoption of its tokens on Polkadot. They added:

“With 50 parachains currently operating on Polkadot, our RWA tokens can be attractive to many parachains and decentralized applications (dApps) running on those parachains as treasury and DeFi assets.”

RWA Tokenization

TVVIN’s expansion underscores the trend of RWA tokenization in the digital asset industry. Major crypto firms, global banks, and asset management giants are working to digitize traditional financial instruments like bonds, funds, and credit.

Niki Ariyasinghe, a Chainlink executive, recently noted that major financial institutions are preparing to leverage tokenization opportunities. These institutions are transitioning from successful testnet pilots to mainnet launches, positioning to support trillions of dollars in tokenized assets.

A report by asset manager 21.co predicted the RWA market could reach $10 trillion by 2030. According to CryptoSlate data, the current total market cap of assets in the RWA sector stands at $41.2 billion.