COTI backs $1 trillion blockchain asset push with new TAC membership
Main Idea
COTI, a privacy-focused blockchain protocol, has joined the Tokenized Asset Coalition (TAC) to help bring $1 trillion worth of real-world assets onto public blockchains, leveraging its 'Privacy-on-Demand' technology.
Key Points
1. COTI joined TAC, which includes major blockchain and finance players like Arbitrum, Polygon, Circle, Coinbase, and Fidelity.
2. TAC aims to promote regulatory clarity, interoperability, and adoption of tokenized real-world assets (RWAs).
3. COTI's membership is driven by its 'Privacy-on-Demand' technology, which uses advanced cryptographic tools.
4. COTI has previously collaborated with the European Central Bank on a CBDC proof-of-concept and joined the Africa Tokenization Council.
5. The coalition focuses on education, advocacy, and adoption of blockchain technologies for RWAs.
Description
COTI, a privacy-focused blockchain protocol on Ethereum ( ETH ), has joined the Tokenized Asset Coalition (TAC) as part of an initiative to bring $1 trillion worth of real-world assets (RWAs) onto public blockchains. Notably, COTI was among 24 new members selected from a pool of applicants with the expansion including major players in the blockchain and finance sectors such as Arbitrum, Polygon, Circle, Coinbase, Fireblocks, Zksync, Stellar, and Fidelity, TAC said in an X post on July 31. “Our n...
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