Japan's largest financial institutions, including MUFG, SMBC, Mizuho & JPX, are behind
@progmat_en
, an issuance & management platform for bank-backed RWAs.
@tokifinance
@datachain_en
build its on-chain infrastructure, including IBC-based interoperability.
Traditional finance institutions demand best-in-class interoperability to bring RWAs on-chain.
IBC-based solutions are battle-tested and offer top-tier security.
A showcase of teams bringing IBC to traditional finance. 🤝
The team at
@MillicentLabs
won the global G20 Techsprint 2023 for their solution LOFTHub, a hybrid DEX for cross-border and ForEx in emerging and developing economy currencies.
LOFTHub utilizes IBC to link independent sovereign currency issuance chains.
@provenancefdn
has $11B on-chain TVL (almost $10B is RWAs), and 70+ active financial institutions and fintech clients.
One of its services is custom permissioned blockchains (Zones) that communicate with the public Provenance Blockchain ledger over IBC.
These four teams
@tokifinance
@datachain_en
@millicentlabs
@provenancefdn
are at the forefront of bringing IBC to traditional finance.
We look forward to further developments as they leverage IBC's potential to reduce liquidity fragmentation and enhance interoperability.