Real-world assets (RWAs) tokenization platform TVVIN has expanded to Polkadot, aiming to become an omni-chain platform. On May 29, TVVIN announced the launch of its London Bullion Market Association (LBMA)-certified gold token (VVG) and utility token (TVVIX) on Polkadot.

The expansion to Polkadot is intended to increase the availability and integration of TVVIN's RWA tokens across multiple blockchains, including Cardano. Darko Mijic, TVVIN’s CPO, stated that this move leverages Polkadot’s strengths to enhance scalability, security, and interoperability for their platform.

Polkadot offers TVVIN numerous benefits, such as comprehensive asset management, enhanced stability, low transaction fees, and support for Polkadot-native USDC and USDT. It also provides seamless integration, EVM compatibility, wallet support, multi-signature solutions, and trustless bridges. By utilizing Polkadot’s shared system, TVVIN aims to achieve greater scalability and interoperability, increasing the utility and adoption of its tokens.

TVVIN’s expansion highlights the trend of RWA tokenization in the digital asset industry. Major financial institutions are moving from pilot tests to mainnet launches, aiming to support trillions of dollars in tokenized assets. A report by 21.co predicted the RWA market could reach $10 trillion by 2030, with the current market cap of RWA assets standing at $41.2 billion according to CryptoSlate.