BTC Markets Seeks ASIC License For RWA Trading
BTC Markets intends to apply for an ASIC license to facilitate trading of regulated, tokenized real-world assets (RWAs) in Australia.Summary
Australian crypto exchange BTC Markets has announced its intention to apply for a markets license from the Australian Securities and Investments Commission (ASIC) to offer regulated tokenized real-world assets (RWAs). CEO Lucas Dobbins envisions a future where tokenized equities, bonds, and RWAs trade seamlessly alongside cryptocurrencies with instant settlement. He notes the current $26 billion in tokenized assets is a “proof of concept,” with forecasts estimating the market could reach $2 to $16 trillion by 2030, driven by institutional involvement from firms like BlackRock, Goldman Sachs, and JPMorgan. BTC Markets aims to follow Kraken and Robinhood in offering tokenized RWAs, with both already planning launches in 2025. Research suggests tokenized markets could generate $24 billion AUD annually in economic gains for Australia, but unlocking this potential requires a trusted regulatory framework. Initial use cases are expected in private markets, infrastructure investments, and fund distribution. Despite the crypto bear market, the total value of tokenized RWAs currently stands at $26.5 billion, with Ethereum dominating the market.
(Source：Cointelegraph)