Seven leaders in decentralized finance (DeFi) have banded together to form the Tokenized Asset Coalition (TAC). The new advocacy group will work toward the adoption of public blockchains, asset tokenization and institutional DeFi, it announced Sept. 7.
Aave Companies, Centrifuge, Circle, Coinbase (NASDAQ:COIN), Base, Credix, Goldfinch and RWA.xyz are the coalition’s founding members, but membership is open to “any organization that shares our vision to create a unified financial system on the blockchain,” according to the TAC charter.