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72 Greed

Report: 70% of Tokenized Assets Fall Short on Transparency

Original title: 70% of Tokenized Assets Falls Short on Transparency, Report Finds

CoinDesk 17:38 7 views on YouTube
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Summary

A new report from Chronicle finds that roughly 70% of the tokenized assets it reviewed fall short on transparency. The review covers more than $12 billion in tokenized assets, with $12.3 billion described as exposed by that shortfall. Chronicle founder Nik Kunkel set out the findings, including five pillars that every tokenized asset needs to meet. Assets that fail those pillars do not provide real-time, verifiable proof-of-asset data. The report also looks at why risk is not priced in when that verification is missing. The question is pressing as institutions including BlackRock, BNY Mellon and Galaxy race to bring trillions onchain. The findings point toward real-time regulation as tokenized markets grow. The report's central claim is that transparency is not keeping pace with tokenization. Most of the assets reviewed do not clear the bar set by the five pillars, and the shortfall runs into the billions of dollars. Proof of asset, in the report's framing, means real-time and verifiable data.

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Key points

  1. Chronicle's report found over $12 billion in tokenized assets falling short on transparency.
  2. Roughly 70% of the tokenized assets reviewed do not clear the report's bar.
  3. The report sets out five pillars every tokenized asset needs to meet.
  4. The report ties the shortfall to real-time, verifiable proof-of-asset data.
  5. The report examines why risk is not priced in when verification is missing.
  6. BlackRock, BNY Mellon and Galaxy are named as institutions racing to bring trillions onchain.

Chapters

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Questions

What did the report find?
It found that over $12 billion in tokenized assets fall short on transparency, and that roughly 70% of the assets reviewed do not clear the bar.
Which institutions are named in the report's discussion?
BlackRock, BNY Mellon and Galaxy are named as institutions racing to bring trillions onchain.

Related briefs

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