BNY and Securitize Partner to Bring Wall Street Credit Onchain

BNY and Securitize Partnership: BNY has teamed up with Securitize to develop a platform for tokenizing AAA-rated collateralized loan obligations (CLOs), allowing qualified investors to access these traditionally institutional assets while BNY acts as custodian.

Impact of Tokenization on Credit Markets: The initiative aims to modernize credit markets by digitizing CLOs, which could reduce costs, shorten settlement times, and increase access to high-grade credit products, marking a significant shift in structured finance.

Growing Trend of Tokenized Assets: The total value of tokenized real-world assets has surpassed $35 billion, with recent examples including Ondo Finance's U.S. Treasury fund and Centrifuge's tokenization of the S&P 500, indicating a rapid expansion of blockchain in finance.

Securitize's Strategic Goals: Securitize's CEO emphasizes that tokenized credit enhances accessibility and transparency in capital markets, while the company prepares to go public, highlighting the growing importance of blockchain in traditional finance.