COTI, a privacy-focused blockchain protocol on Ethereum (ETH), has joined the Tokenized Asset Coalition (TAC) as part of an initiative to bring $1 trillion worth of real-world assets (RWAs) onto public blockchains.
Notably, COTI was among 24 new members selected from a pool of applicants with the expansion including major players in the blockchain and finance sectors such as Arbitrum, Polygon, Circle, Coinbase, Fireblocks, Zksync, Stellar, and Fidelity, TAC said in an X post on July 31.
“Our newest members continue our tradition of onboarding and supporting the best projects, networks, and builders in the business. We’re humbled to add such an elite group to our member ranks,” TAC said.
Indeed, the coalition was founded to bridge traditional finance and decentralized systems with a focus on accelerating the adoption of tokenized assets such as real estate, bonds, and commodities through a mission built around education, advocacy, and adoption.
The coalition seeks to promote regulatory clarity, interoperability, and privacy across the industry.
COTI’s role in TAC
It’s worth noting that COTI’s membership was driven in large part by its “Privacy-on-Demand” technology, which leverages advanced cryptographic tools like garbled circuits to keep data private by default while still allowing for audit-friendly transparency when required.
While institutional interest in cryptocurrency continues to grow, privacy concerns remain one of the biggest barriers to adoption. Therefore, COTI aims to solve this challenge by enabling secure, efficient transactions without exposing sensitive data.
“COTI brings a unique perspective to the TAC, based on our deep insight into compliant confidentiality, auditability, and ways to bridge the gap between TradFi and Web3 technologies,” TAC added.
This move is the latest in a series of global initiatives for COTI. For instance, the company has previously worked with the European Central Bank on a central bank digital currency proof-of-concept, joined the Africa Tokenization Council, and signed an MoU with Aureus.Money to integrate its privacy tech into Hedera-based RWA platforms.
Featured image via Shutterstock
