Several cryptocurrency industry members have joined forces to launch a new advocacy group, according to a press release on Sept. 7.
The new group, called the Tokenized Asset Coalition, aims to have real-world assets represented and circulating on blockchain networks. To that end, the coalition will advocate for the adoption of public blockchains, asset tokenization, and institutional use of DeFi. It will work in three areas: education, advocacy, and adoption.
The coalition said that its efforts aim to bring the “next trillion dollars” of real-world assets onto the blockchain through tokenization. It also suggests that the coalition will grow beyond its initial seven members by attracting future participants.
Crypto industry members are involved
Several notable members of the crypto industry are currently involved in the group. The leading crypto exchange Coinbase and its semi-independent Layer 2 project Base are both among the companies listed as participants in the coalition.
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