{"id":232569,"date":"2024-01-19T23:33:39","date_gmt":"2024-01-19T18:03:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=232569"},"modified":"2024-01-19T23:33:39","modified_gmt":"2024-01-19T18:03:39","slug":"italian-startup-to-tokenize-distressed-loans-on-polygon-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/italian-startup-to-tokenize-distressed-loans-on-polygon-crypto-news\/","title":{"rendered":"Italian Startup To Tokenize Distressed Loans On Polygon &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Addressing the billion-dollar distressed credit market, BlockInvest will tokenize non-performing loans through two projects.<\/p>\n<div>\n<p>Addressing the billion-dollar distressed credit market, BlockInvest will tokenize non-performing loans through two projects.<\/p>\n<p>Two new real-world tokenization projects are landing on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/what-is-polygon\">Polygon<\/a>. Italian startup BlockInvest aims to address the distressed loan market by tokenizing non-performing loans (NPLs) through two partnerships.<\/p>\n<p>The first is a proof-of-concept developed in conjunction with 130 Servicing, one of Europe\u2019s leading securitization firms. It will offer on-chain digital note issuance to issue natively digital asset-backed securities.<\/p>\n<p>As part of its second project, BlockInvest will tokenize and fractionalize distressed real estate credits acquired by Davis &amp; Morgan, an Italian firm with $100M in assets under management.<\/p>\n<p><!--$!--><!--\/$--><\/p>\n<p>Both projects are being built on Polygon, with the network\u2019s social media account <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/0xPolygonLabs\/status\/1748345704823636181?s=20\">saying<\/a> that \u201cTokenization continues to rule the narrative.\u201d<\/p>\n<p>Real-world assets have been increasingly embraced by DeFi protocols over the past year, with tokenized Treasuries growing eight-fold since January 2023, according to data from rwa.xyz.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.rwa.xyz\/treasuries\" class=\"no-underline\"><\/p>\n<figure><figcaption class=\"text-center text-xs\">Tokenized Treasuries<\/figcaption><\/figure>\n<p><\/a><\/p>\n<p>Italy\u2019s NPL market has dropped from its peak of \u20ac360B in 2015 to \u20ac63B in 2023, according to a recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fsb.org\/wp-content\/uploads\/P180124.pdf\">report<\/a> by the Financial Stability Board, an international body that monitors and makes recommendations about the global financial system.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Addressing the billion-dollar distressed credit market, BlockInvest will tokenize non-performing loans through two projects. Addressing the billion-dollar distressed credit market, BlockInvest will tokenize non-performing loans through two projects. Two new real-world tokenization projects are landing on Polygon. Italian startup BlockInvest aims to address the distressed loan market by tokenizing non-performing loans (NPLs) through two partnerships. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":232570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-232569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/232569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=232569"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/232569\/revisions"}],"predecessor-version":[{"id":232572,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/232569\/revisions\/232572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/232570"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=232569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=232569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=232569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}