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Crypto

Standard Chartered sees RWA tokenisation market growing to $4 trillion by 2028

The on-chain tokenised asset market could expand to $4 trillion by the end of 2028, a forecast showed. Standard Chartered expects stablecoins and real-world asset (RWA) tokenisation to split the growth drivers evenly, with each reaching $2 trillion. The bank cited composability in decentralised finance as a key factor and pointed to examples such as a tokenised U.S. Treasury fund. It also highlighted potential inflows from institutional assets moving on-chain.

Crypto

Iran digital insurance plan for ships in Hormuz Strait sparks controversy over authenticity

Reports say Iran is considering a digital marine insurance platform for ships passing through the Persian Gulf and the Hormuz Strait, with bitcoin and other cryptocurrencies mentioned as premium payment methods. Images of a website called Hormuz Safe circulated on social media, but its authenticity and whether the plan will be implemented remain unconfirmed and the site is now inaccessible. A local outlet reported the plan could generate more than $10 billion in income.

Finance

Coocon launches We-Bridge non-face-to-face document submission solution to simplify loan, insurance contracts

Coocon said on May 19 it has launched We-Bridge, a solution that automatically submits required supporting documents remotely during loan and insurance contract processes. The company said the service allows submission of various public documents with identity verification, improving convenience for financial consumers and operational efficiency for financial firms. Built on Coocon’s data linkage technology, it digitises the entire process from document requests to collection and submission.