Klaytn: The Klaytn Foundation will focus on the widespread adoption of RWA

ChainCatcher news, the South Korean public blockchain Klaytn published a blog post stating that it is building a support system for the tokenization of real-world assets (RWA), including product development, token issuance, asset storage, and trading.

They plan to establish a new token standard that encompasses the necessary functions for asset tokenization and strengthen ecosystem elements such as custody, KYC, oracles, and trading platforms.

The Klaytn Foundation will focus on the widespread adoption of RWA and provide support for ecosystem businesses, with the expectation of developing a range of RWA applications.