World Liberty Financial is researching the tokenization of various real-world assets, including commodities like oil, gas, cotton, and timber, CEO Zack Witkoff said at the Token2049 conference in Singapore.
Witkoff: We are not only thinking about it but are actively researching it. I think commodities are a really interesting area for us, whether it's oil, gas, things like cotton, timber, all of those things, frankly, should be traded on-chain.
🔹Witkoff stated that the team plans to pair such tokenized assets with a stablecoin pegged to 1 USD.
🔹So far, World Liberty Financial has launched two tokens: the governance token WLFI and the stablecoin USD1 pegged to the dollar. The team also announced on Wednesday that USD1 will be launched on Aptos, marking the first Move-based blockchain to support this stablecoin.
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