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

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

### Why Polkadot?

By expanding to Polkadot, TVVIN aimed to increase the availability of its RWA tokens across various blockchains, enhancing flexibility and integration capabilities. This strategic shift was also intended to enable 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.”

The expansion to Polkadot also offered TVVIN several advantages, 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 planned to leverage Polkadot’s unique shared system to achieve scalability and interoperability. This was expected to broaden the utility and adoption of its tokens on Polkadot. The company 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 recent move highlighted RWA tokenization trends in the digital asset industry. Major crypto firms, global banks, and asset management giants have been striving to digitize traditional financial instruments such as bonds, funds, and credit.

Chainlink executive Niki Ariyasinghe recently emphasized that major financial institutions are preparing to leverage the vast opportunities of tokenization. These institutions are moving from successful testnet pilots to launching their platforms on the mainnet, setting the stage to support trillions of dollars in tokenized assets.

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