Asset Tokenization Race Accelerates as Major Finance Firms Build On-Chain Infrastructure

Major institutions in traditional finance are moving into blockchain-based asset tokenization, accelerating competition to build on-chain financial infrastructure. According to Mblock Letter, leading financial firms have recently increased their focus on issuing and managing existing financial assets on blockchain networks. The trend aligns with efforts to expand the foundation of financial transactions and asset management onto on-chain systems. As major financial firms continue to enter the market, competition over infrastructure standards and services is expected to speed up. Source: mk.co.kr