VeChain Partners with BCG to Drive Trillions in RWA Integration

• Crypto analyst discloses a groundbreaking partnership between VeChain and Boston Consulting Group to secure a dominant share of the Real World Assets (RWAs) market. 

• The market for tokenized assets was earlier predicted by BCG to hit $16 trillion by 2030. 

One of the biggest global consulting firms, Boston Consulting Group (BCG), which disclosed in a research paper that the market for tokenized assets could hit $16 trillion, has sealed a strategic partnership with leading Real World Asset (RWA) blockchain, VeChain (VET). 

Don’t Forget This Trillion Dollar Crypto Narrative! 🔥 The integration of Real World Assets (#RWA) into DeFi is unlocking trillions of dollars worth of value by 2030! And the creator of this highly cited research, used by almost all RWA projects, Boston Consulting Group, one of… https://t.co/kPdRulx8wR pic.twitter.com/Wjuu7imzsk— CryptoBusy (@CryptoBusy) October 9, 2024

According to the report shared by a technical and market analyst CryptoBusy, this groundbreaking move could unlock use cases of RWAs for sustainability and social impact. In a separate post, CryptoBusy outlined that the narrative of RWAs is redefining Web3 by bridging the gap between Trade Finance (TradeFi) and Decentralized Finance (DeFi). 

Pointing out some of the key benefits of RWAs that could be triggered by this partnership, the analyst included “fractional ownership opportunities, reduced intermediaries and lower transaction cost, transparent and immutable ownership records, and increased liquidity for traditionally illiquid assets.”

Meanwhile, digital asset management firm 21.co disclosed in a 2023 report that the market for tokenized assets could grow to as high as $10 trillion this decade. 

The convergence between crypto and traditional asset classes, including fiat currencies, equities, government bonds, and real estate, is experiencing unprecedented growth. We estimate that the market value for tokenized assets will be between $3.5 trillion in the bear-case scenario and $10 trillion in the bull case by 2030.

More About the RWA Market and Previous VeChain (VET) – BCG’s Partnerships

According to a Bank of America report, tokenization could transform the existing financial infrastructure, reduce cost, optimize the supply chain, and increase efficiencies. Interestingly, experts believe that the adoption and consideration for this market by leading institutions became of huge interest following reports that a leading asset manager, BlackRock, intends to launch an RWA initiative. Fascinatingly, our research reveals that VeChain could significantly dominate this sector since VeChainThor has delivered massively in this area with several partnerships with influential companies including Walmart, PwC, DNV, and BMW. 

VeChain and BCG have teamed up on multiple occasions with our February 2024 report, highlighting their collaboration to devise a cutting-edge solution to curve for a more sustainable future. 

In November 2023, we also reported their joint effort to significantly reduce carbon emissions in agriculture and strengthen the integrity of food supply chains. However, VET is currently struggling to make the most out of these developments. According to our market data, the asset has plunged below its $0.022 support level after declining by 2% in the last 24 hours. 

This bearish pressure was earlier indicated by the Bollinger Bands indicator which showed that the asset was trading near its lower band. Regardless, analyst EGRAG CRYPTO believes that the asset is on the verge of entering the impulsive Wave 3 of the Elliott Wave structure, which is mostly characterized by a significant price surge.

On September 8, the analyst disclosed that the impulsive movement on the Elliott Wave could be completed in a 150-day cycle. According to him, VET could hit $0.91 and proceed to secure the $2.26 territory by the end of the cycle. 

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