GIFT City for India dey prepare for blockchain-based asset tokenization
GIFT City, na smart city wey dey Gujarat, India, wan start to dey use asset tokenization to join traditional finance with Web 3.0 using blockchain technology. Di International Financial Services Center Authority (IFSCA) wan first start with real estate before dem go expand to other assets like art, ships, and aircraft. Real estate developer Collated Ventures, through dia blockchain pikin Terazo, go use Polygon to tokenize, target to raise $7 million for construction inside GIFT City. Di investment opportunity dey limited to pre-approved investors list, minimum investment na $150,000. IFSCA approach include regulatory sandbox to address India cautious stance on blockchain for mainstream finance.
Bullish
Da integration wey blockchain and real-world asset tokenization dey usually create positive sentiment for di cryptocurrency market. E mean say dem dey move towards widespread adoption and di integration of traditional finance with emerging technologies. Tokenization dey offer more liquidity and new investment opportunities, wey fit attract more institutional investors and help market grow. Historically, initiatives like dis don meet with increased investor interest, wey fit potentially drive up demand for cryptocurrencies wey dey involved for di tokenization process, for dis case, Polygon.