BNB Chain unveils tokenization solution to power web3 for businesses

crypto.news · 2024-11-06T07:30:39+00:00

BNB Chain launches tokenization solution to allow more individuals and small businesses to invest and gain access to web3. They offer both real-world asset tokenization and corporate tokenization, collaborating with BitBond, Brickken, Matrixdock, Tokenizer by Allo, and InvestaX. The new initiative seeks to empower small and medium-sized businesses with the aim of onboarding more users to web3. BNB Chain’s community-driven ecosystem has grown to over 4 million users, with total value locked standing at over $6.28 billion.

crypto.news

2024-11-06 07:30:39

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BNB Chain has launched a tokenization solution aimed at helping individuals and small businesses onboard to web3.

The one-stop tokenization solution offers both real-world asset tokenization and corporate tokenization, according to a press release from the BNB Chain team shared with crypto.news.

RWA tokenization will support the issuance and trading of tangible assets, such as art, real estate, and commodities. These assets will be converted into tradable tokens on BNB Chain, allowing more people to invest while gaining web3 access.

Meanwhile, business tokenization enables companies to issue tokens directly on the blockchain. To provide this solution, BNB Chain is collaborating with industry partners including BitBond, Brickken, Matrixdock, Tokenizer by Allo, and InvestaX.

BNB Chain’s tokenization initiative seeks to onboard more users to web3 by removing coding and technical knowledge barriers for individuals and small businesses. RWA is seen as a major path to achieving this, explained Jimmy, a senior solution architect at BNB Chain.

“Compared with other sectors in Web3, RWA is never an easy endeavor and requires more time and effort, but we believe it’s one of the right directions. We see it as a crucial pathway to empower small and medium-sized businesses and introduce an increasing number of new user scenarios into Web3,” he noted.

BNB Chain’s community-driven ecosystem has grown to over 4 million users and includes more than 4,000 decentralized applications. This ecosystem comprises the decentralized finance hub BNB Smart Chain, layer-2 chain opBNB, and decentralized storage platform BNB Greenfield.

According to DeFiLlama, BSC’s total value locked across various protocols stands at over $6.28 billion, making it the fourth-largest DeFi chain after Ethereum, Solana, and Tron.

Currently, BNB Chain supports tokenization services for corporations in carbon credits and natural hydrogen, with plans to expand further. This includes introducing loyalty programs, mini-apps, and other products to onboard more people into web3.

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