AllianceBlock, a blockchain infrastructure platform for asset tokenization, has announced a rebrand and new vision for open finance. The move will see AllianceBlock reborn as the Nexera Foundation and launch Nexera Finance as a means of accelerating the adoption of asset tokenization. Nexera Finance will focus on developing enterprise use cases that make it easier for businesses to tokenize and trade a variety of assets.
Nexera Foundation Comes Back to Life
Building on the goodwill and reputation we have built over the years as AllianceBlock, the Nexera Foundation will pursue the mission of enabling the tokenization of TradFi assets and bringing as much market value as possible on-chain. Energized and complemented by the founding of Nexera Finance, the Nexera Foundation team will lead the tokenization of assets more synonymous with Wall Street than DeFi.
We believe that the Nexera Foundation team is uniquely positioned to accelerate the tokenization of assets such as stocks, commodities, and bonds through our existing technological heritage and extensive network. Think real-world assets, opening up new possibilities for services synonymous with DeFi, such as splitting, collateral, lending, and stablecoin issuance on-chain.
Of course, a key factor in bringing a profitable RWA market on-chain is regulatory compliance, and this is where the newly established Nexera Foundation believes it has the tools to succeed. Nexera Finance will be the agency tasked with assembling the fundamentals that such an undertaking entails, leaving the Foundation to oversee the strategy and roadmap.
Race to tokenize trillions of dollars
It is no secret that projects that succeed in tokenizing RWA, onboarding institutions, and implementing large-scale liquidity will be richly rewarded for their efforts. It is estimated that 10% of global wealth will be tokenized by 2030, meaning a $50 trillion on-chain market that will eclipse anything currently tied to DeFi. The Nexera Foundation aims to ride this wave by providing the infrastructure needed to enable asset tokenization.
The Nexera Foundation’s primary goal is to bridge the gap between traditional and decentralized finance, but it will also have other missions, including encouraging community participation in the Nexera DAO and increasing the utility of the NXRA token.
The rebrand to the Nexera Foundation may seem radical, but it is more of an adjustment than a turning point because it builds on the work AllianceBlock has done over the past five years. The sort of developer-friendly tools that are created will be put to good use by the Nexera Foundation, and will also expand on features like its self-sovereign identity solution, Nexera ID. This is a prime example of the suitability of decentralized technology combined with tokenized finance, allowing companies to provide on-chain financial services without the burden of data retention obligations.
The convergence of TradFi and DeFi presents opportunities for projects nimble enough to supply the picks and shovels that make this financial revolution possible. The Nexera Foundation is working to foster this through new mandates and rewards that will make asset tokenization a trillion-dollar market.
Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.