digitization

ChainCatcher news, according to Bloomberg, as Bitcoin prices hit an all-time high, asset tokenization has once again become a hot topic in both traditional finance and the cryptocurrency sector. This technology, which digitizes physical assets and records them on the blockchain, is favored by Wall Street institutions including BlackRock. Industry insiders believe its potential may surpass that of the internet.This round of asset tokenization frenzy is driven by factors such as the Bitcoin bull market and Trump's election victory. Unlike the attempts of a few years ago to apply blockchain technology in scenarios like Walmart's supply chain tracking, this wave focuses more on the digitization of financial assets such as real estate and bonds.

ChainCatcher news, according to Cointelegraph, Ripple is collaborating with the National Bank of Georgia (NBG) to explore ways to digitize the local economy and deepen ties with the Republic of Georgia.It is reported that NBG Acting President Natia Turnava, Head of the Financial and Regulatory Technology Development Department Varlam Ebanoidze, and Ripple executive James Wallis met to strengthen cooperation in fintech and digitization.