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▲ 찰스 호스킨슨(Charles Hoskinson), 카르다노(Cardano, ADA), 미드나잇(Midnight, NIGHT)/챗GPT 생성 이미지
The founder of Cardano (ADA) has revealed that banks and insurance companies are reviewing Midnight's Real World Assets (RWA), once again raising expectations for institutional finance's on-chain transition.
According to crypto media outlet The Crypto Basic on May 29 (local time), Cardano founder Charles Hoskinson stated that major banks and insurance companies are discussing ways to utilize tokenized real-world assets on the Midnight blockchain. Hoskinson revealed the Cardano ecosystem's vision to develop Midnight into a regulation-friendly institutional financial infrastructure.
Hoskinson explained that institutional interest in Midnight is growing during an interview on the Breakdown podcast hosted by David Gokhshtein. He cited Monument Bank's plan to tokenize £250 million, or $335.97 million, in customer deposits on the Midnight network as an example of increasing institutional trust. Hoskinson added that discussions are also underway with additional banks.
The Crypto Basic reported that tokenized deposits are garnering attention as the next major step in traditional finance's adoption of blockchain. Unlike stablecoins, tokenized bank deposits are directly linked to regulated financial institutions and are considered an area that can improve payment efficiency, transparency, and interoperability between financial systems.
Insurance companies are also exploring ways to generate revenue by utilizing real-world assets on Midnight. Hoskinson stated that several insurers are placing real-world assets on Midnight to seek profit opportunities. The Cardano community anticipates that Midnight could expand into a network holding billions of dollars worth of tokenized assets in the long term, given that insurance companies manage substantial capital.
Hoskinson also revealed that the first Cardano-Midnight hybrid application could be launched within the next six months. This application will initially be deployed on Cardano and then transition to Midnight. This model is interpreted as an attempt to expand its presence in the institutional blockchain market by combining Cardano's existing blockchain infrastructure with Midnight's privacy features.
Since its launch, Midnight has consistently attracted institutional interest, including collaborations with Google and AlphaTON Capital. The Crypto Basic reported that Hoskinson and the Midnight Foundation are exploring ways to onboard major financial institutions and directly tokenize real-world assets on the blockchain.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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