1 year ago
Crypto custody tech institution Fireblocks has acquired tokenization steadfast BlockFold to work the fiscal industry's largest institutions.
The acquisition volition grow Fireblocks' capabilities successful tokenization - allowing accepted assets to beryllium traded connected the blockchain - including token customization, orchestration, organisation and advisory, the steadfast announced via email connected Friday.
The marketplace for tokenized assets could spike to $16 trillion by 2030, according to a report by consultancy steadfast Boston Consulting Group.
Financial presumption of the woody were not disclosed by, though a idiosyncratic acquainted with the substance told CoinDesk that the acquisition fig is $10 million.
Edited by Parikshit Mishra.
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