#tokenization
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The Central African Republic (CAR) is expanding its Sango blockchain initiative to include the tokenization of land and natural resources. Recently, the CAR National Assembly passed a law, receiving unanimous approval, that facilitates online business visa applications and simplifies the process for both locals and foreigners to establish businesses in sectors like real estate, agriculture, and forestry. This move follows CAR's earlier efforts in the crypto space, including the launch of Project Sango in May 2022 and its brief adoption of Bitcoin as a national currency. Lead the Pack with EURS: STASIS Pioneering EU Stablecoin
STASIS (EURS) is a blockchain platform headquartered in Malta that facilitates asset tokenization. EURS, a stablecoin, provides feeless transactions on the Ethereum network. With a 1:1 peg to the Euro, it holds a solid position as a Euro-backed digital asset. More information is on the website. 
Private banks in South Korea, Hana Bank and Woori Bank, have taken a keen interest in tokenized deposits, commonly known as Deposit Certificates or CDs.
CDs offer an alternative rooted in blockchain technology, serving as an equivalent to private stablecoins and Central Bank Digital Currencies (CBDCs).
Presently, it's being viewed as a potential substitute for customary notes and deposits without disrupting the existing banking system. 
Dusk Network (DUSK): The Confidential Chain for dApps
Dusk Network is a blockchain protocol designed to prioritize confidentiality, enabling the development of dApps that utilize zero-knowledge proofs. This solution is built on a proprietary L1 network, which boasts an asset tokenization platform, a virtual machine, and smart contract functionality. 
Salvator Mundi, attributed to Leonardo da Vinci and famously sold for $450.3 million at Christie’s New York, is set to be transformed into a NFT.
The digital tokenization of this controversial artwork, depicting Christ with a crystal orb, will be carried out by ElmonX, a digital assets platform, in collaboration with Bridgeman Images, an international image licensing company.
The terms of the NFT sale are scheduled to be revealed on August 12.
This initiative follows the successful NFTization of renowned artworks such as Mona Lisa, Van Gogh’s Starry Night, , Auguste Rodin’s The Thinker, and Claude Monet’s Nymphéas, each created in partnership between the two entities.
A total of 330 editions of the Mona Lisa were sold for £150.00 each. 
Securitize, a digital asset trading platform, has started tokenizing equity in Spanish real estate investment trust, Mancipi Partners. The tokens will trade on the Avalanche blockchain from September.
This marks the first tokenized equity issuance under the European Union’s pilot scheme for distributed ledger technology, supervised by the European Securities Market Authority. Securitize will also undergo a six-month supervision period by Spain’s National Securities Market Commission (CNMV).
Securitize's CEO, Carlos Domingo, believes the move will significantly benefit European businesses, providing new avenues for capital raises and potential tax benefits. Physical Backed Token (PBT): No More Counterfeits!
The Physical Backed Token (PBT) is a novel token standard that unites tangible objects and NFTs through Ethereum's blockchain and cryptographic chip technology. Pioneered by Chiru Labs, a Web3 studio renowned for their Azuki collection, this asset may present a breakthrough in tokenization. The Future of Money is Tokenization, Says BIS Report
Switzerland-based monetary authority, the Bank of International Settlements (BIS), has made public its plan to build a global "unified ledger" to facilitate Central Bank Digital Currencies (CBDCs) and tokenized assets. Even though it acknowledges the potential of tokenization, BIS has expressed its misgivings about decentralized cryptocurrencies. Money in Harmony: Are Stablecoins the Solution or the Problem?
The Bank for International Settlements (BIS) has delved into an analysis to determine if stablecoins and tokenized deposits can sustain the concept of monetary unity, which is vital to maintaining the stability of the exchange rate between private and central bank currencies. 
