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Securitize Acquires River One to Enter Asset-Backed Finance Market

(3 hours ago) · 1 source · Summarized by CryptoBipto

Securitize, a tokenization platform, has acquired River One as part of its push into the approximately $6 trillion asset-backed finance market. The acquisition is intended to expand Securitize's capabilities in bringing traditional financial products onto blockchain infrastructure. Details about the terms of the deal have not been fully disclosed.

WHY IT MATTERS

Tokenization is the process of turning real-world financial products into digital tokens on a blockchain, similar to how a paper stock certificate might be replaced by an electronic record.

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SOURCES

  • coindesk.com

RELATED

TokenizationReal-World AssetsAsset-Backed SecuritiesMergers and AcquisitionsTraditional Finance