Wiener Bank SE, that offers private banking and assets management, partners with real finance to apply blockchain technology in asset management. With the cooperation, Wiener Bank can use Real Finance’s infrastructure to improve custody, tokenization and digital assets services. The aim is to increase safety and efficiency and at the same time link traditional banking to Defi.
With this partnership, Wiener Bank will add custody based on blockchain for Tokenized assets and expand the use of assets-tokenization, which turns RWAS into digital tokens to improve liquidity and access.
Real Finance offers a blockchain that is built for institutional use. The design includes responsible validators, tokens with built-in risk and insurance data and a recovery fund that avoids inflatory risks. The system is compatible with existing Ethereum-based applications and scalable via the Cosmos SDK. With the launch, Real Finance expects that more than $ 500 million in assets will be brought on board, with the support of partners including Wiener Privatbank and Experian.
Image: Freepik
