The Axelar (AXL) Foundation, in collaboration with Citibank, Deutsche Bank, Mastercard, and others, released a joint research report discussing the importance of interoperability for asset tokenization

ChainCatcher news, the Axelar Foundation, along with traditional financial giants such as Citibank, Deutsche Bank, and Mastercard, has released a joint research report titled "Institutional Interoperability: How Financial Institutions Navigate a Multi-Chain World." The report primarily explores how to enhance the accessibility and liquidity of tokenized assets while ensuring flexibility, privacy, transparency, and scalability. Notably, Deutsche Bank recently announced a partnership with Interop Labs to use Axelar for interoperable blockchain projects.

This report provides financial institutions with a roadmap for developing opportunities in tokenized assets, which will face a range of complex public and private blockchains, as well as stringent requirements imposed by clients and regulations.

Georgios Vlachos, board member of the Axelar Foundation and co-founder of Axelar, stated that tokenized assets must be designed with interoperability in mind, connecting off-chain ledger assets with on-chain assets. The key is how we can facilitate potentially thousands of connections between on-chain and off-chain ledgers in a secure, scalable, and open manner.