The Tokenized Asset Coalition (TAC) is a new advocacy group formed by seven leaders in decentralized finance (DeFi). The founding members are Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz, but membership is open to any organization that shares the vision of creating a unified financial system on the blockchain. The group’s initial activities will include member calls, a quarterly publication, event attendance and the creation of working groups. The tokenization of real-world assets is seen as the best opportunity for the traditional and crypto financial systems to create a single source of truth, where protocols, platforms, and participants coordinate and combine their efforts to eliminate the inefficiencies of the present financial system. On the same day, Polygon Labs and South Korea’s Mirae Asset Securities, a financial services company with over $565 billion in assets under management, announced the formation of the Mirae Asset Security Token Working Group. Polygon will serve as a technical consultant for the group. The consortium will collaborate on various initiatives such as helping domestic and international tokenized securities networks and ecosystems grow, organizing events to enhance brand awareness, and more. The Mirae Asset Security Token Working Group will specifically aim to look at international best cases and integrate them into South Korean infrastructure to help globalize South Korea’s financial sector.

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Information	Details
Geography	Asia
Countries
Sentiment	neutral
Relevance Score	9
People	None
Companies	Circle, Mirae Asset Security Token Working Group, Goldfinch, Centrifuge, Polygon Labs, Mirae Asset Securities, Aave Companies, Credix, RWA.xyz, Coinbase, Tokenized Asset Coalition (TAC), Base
Currencies	None
Securities	None