Australian exchange BTC Markets to seek license for tokenized RWA trading

Australian crypto exchange BTC Markets has informed the Australian Securities and Investments Commission (ASIC) of its intention to apply for a license to offer trading services for tokenized real-world assets (RWA), Cointelegraph reported. The report noted that institutional players are increasingly active in the tokenization market, with major financial institutions like BlackRock, Goldman Sachs, and JPMorgan Chase launching tokenized financial products. Other crypto exchanges are also expanding their services in this area. Kraken launched its tokenized stock platform "xStock" last year, followed by its on-chain trading engine "xChange." Robinhood has also announced a tokenized stock trading platform for the European market.