Ozean Drives RWA Tokenization in Partnership with First Digital

Ozean, a well-known blockchain released by Clearpool for Real-World Assets yield, has collaborated with First Digital, a group in Hong Kong that delivers worldwide multi-asset custodial, trust, stablecoin, and payment solutions. The partnership aims to drive RWA tokenization, letting Ozean access certified custody services along with $FDUSD stablecoin platform of Fist Digital. Clearpool disclosed this collaboration on its official social media account.

Ozean and First Digital Partner to Expand RWA Tokenization

As per the announcement, Ozean is partnering with First Digital to boost RWA tokenization. This endeavor permits Ozean-based projects to reach the authorized custody of digital assets and the stablecoin ecosystem of First Digital USD ($FDUSD). First Digital Labs pays a considerable attention to developing a stablecoin portfolio that is thoroughly trusted in Asia. The respective stablecoins focus on catering to the requirements of worldwide institutions and businesses. This takes into account the provision of compliant and efficient cross-border payments and global expansion along with trade settlements.

$FDUSD was released back in June 2013 as a 1:1 USD-pegged stablecoin possessing a market capitalization of above $2B. It endeavors to deliver a scalable, transparent, and secure worldwide digital dollar. It is completely supported by cash and equivalents, kept in completely separate holding structures. It offers consumers a trusted tool focusing on DeFi applications, trading, and payments. First Digital’s General Manager Devere Bryan considers this partnership a crucial step to expand $FDUSD’s reach. The executive added that this move also enables efficient and secure stablecoin solutions for RWA tokenization.

Boosting Adoption of RWAs in Wider DeFi Landscape

According to Clearpool’s Co-founder and CEO Jakob Kronbichler, the partnership enables the platform to reach the payment and payment and custody solutions of First Digital. He added that, as a result of this endeavor, the platform is improving the Ozean-based projects. Overall, the partnership drives the RWA adoption in the DeFi sector.