The Federal Reserve is hosting a payments innovation conference on October 21 to discuss tokenization as real-world asset (RWA) markets reach an all-time high. This event will gather experts to explore innovations in payment systems, including tokenizing financial products, the fusion of traditional and decentralized finance, emerging stablecoin applications, and potential intersections with artificial intelligence. The onchain value of RWA has surged to $27.8 billion this week, showing a 223% increase since the start of the year, mainly driven by tokenized private credit and US Treasury debt. In related news, Chainlink partnered with Ondo Finance to launch Ondo Global Markets, allowing over 100 tokenized US stocks and ETFs onchain, representing a significant step toward integrating traditional finance with blockchain technology.

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