According to Odaily Planet Daily, RWA tokenization company Digital Asset said on Tuesday that it has completed a pilot program to tokenize British bonds, European bonds and gold for financial transactions using the Canton Network protocol.

Major securities settlement provider Euroclear, the World Gold Council and global law firm Clifford Chance are also involved in the process, along with other banks, investors, custodians and a central securities depository.

In a pilot between June and July, the project created digital representations of UK gilts, Eurobonds and gold for use as collateral, with greater transparency, faster transfers and 24/7, near-instant settlement between parties, without the delays associated with traditional financial rails.

The Boston Consulting Group and 21Shares report predicts that in an optimistic scenario, the market value of tokenized assets will exceed $10 trillion by the end of the decade, while McKinsey predicts it will reach $2 trillion by then in its base case.