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Arc brings cross-chain tokenization to assets, Jeremy Allaire notes

Arc brings cross-chain tokenization to assets, Jeremy Allaire notes
Arc enables smart cross-chain tokenization

Jeremy Allaire, co-founder, chief executive officer (CEO), and chairman at Circle, announces the launch of Arc, a cross-chain distribution and interoperability layer for tokenized assets. Allaire highlights Arc as being built on expertise gained from making USDC the leading cross-chain asset globally.

According to Allaire, Arc is designed to accelerate the adoption of tokenization by simplifying asset distribution across multiple blockchain networks.

Allaire recently noted that over 1 percent of CRCL is held as tokenized stock, totaling more than $280 million. He has also pointed to economists at Jackson Hole assessing how tokenized money is influencing the international monetary system. These developments illustrate ongoing engagement with digital asset integration in traditional finance.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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