Sui and OpenAssets Launch OTAS Tokenized Asset Standard Under Linux Foundation
- —OTAS is an open framework for representing, verifying and settling tokenized assets
- —Sui Foundation is one of the original sponsors and helped shape the standard from the start
- —The standard is chain-agnostic, with Sui positioned as an execution venue for compliance-heavy capital markets
- —Tokenized assets are projected to reach $30 trillion by 2034
Why it matters: A shared standard could cut the cost of moving tokenized assets between institutions and networks, potentially accelerating RWA market growth.
Source: Sui Blog