On September 18, asset management company Wizdumpry launched Wizdumpry Connect. This new Ethereum-based platform aims to provide real-world asset (RWA) tokenization to institutional investors.
The move is part of Wizdumpley’s digital asset strategy, which includes previous ventures, such as their spot Bitcoin exchange-traded fund (ETF).
How WizDumpRe Connect Expands Access to Real Asset Tokenization
Beyond accessibility, businesses using WizDumpRe Connect can manage tokenized assets through their own hosted wallet or a third-party custodian. Users can also purchase and redeem assets using US dollars or the stablecoin USDC. These features provide flexible options for institutions looking to enter the digital asset market.
This platform complements WizDumpRe’s retail-focused app, WizDumpRe Prime, which provides retail investors with direct access to digital assets. The two platforms form a coherent strategy that integrates traditional finance and blockchain technology for both institutional and retail users.
Read more: What is Tokenization on Blockchain?
As the platform evolves, Wizdumpry plans to integrate decentralized applications (dApps) and expand its functionality. It is currently accessible via a web portal and API, but future updates will enable more direct and decentralized interactions with tokenized assets.
Additionally, the platform plans to support additional blockchains in the future. These expansions will improve accessibility for investors.
“As interest in tokenizing real-world assets grows, Wizdumpree Connect opens up additional business-to-business (B2B) and business-to-consumer (B2B2C) transaction opportunities that allow Wizdumpree to provide access to digital funds without leaving the ecosystem,” said Will Peck, Head of Digital Assets at Wizdumpree.
In fact, tokenization of real assets has attracted the attention of several major financial institutions, such as BlackRock and Franklin Templeton. BlackRock CEO Larry Fink has stated that tokenization can reduce settlement costs and increase investor customization. At the same time, Franklin Templeton CEO Jenny Johnson has highlighted the broader applications of tokenized assets , such as loyalty programs and NFT royalties.
“I think this combination of real assets and loyalty programs is something that more and more companies will try,” Johnson added .
Read more: What are the implications of tokenizing real-world assets (RWAs)?
She also noted that tokenized financial products, such as Franklin Templeton’s tokenized money market fund, could lower operating costs and make professional asset management more accessible to younger investors.
