As part of efforts to enable global DeFi users to leverage decentralized applications using tokenized real-world assets, TokenFi, a tokenization platform, today entered into a significant collaboration with Bitkub, a crypto exchange based in Thailand. The strategic integration enabled TokenFi to launch its native asset (TOKEN) on Bitkub’s cryptocurrency exchange, aiming to widen the RWA token’s market reach to DeFi users worldwide.
TokenFi is a tokenization platform that empowers users to create and tokenize real-world assets (RWAs). The platform offers a wide range of tools that allow users (of all levels: professionals and beginners) to create, launch, and manage tangible assets, with no sophisticated coding required. Since 2023, TokenFi has continued to accelerate the growth of the tokenization sector, with its native asset (TOKEN) functioning as the primary cryptocurrency that supports transactions of products and services under its tokenization platform.
TOKEN Now Available For Trading On Bitkub Exchange
Using the integration agreement above, TokenFi expanded the presence of its RWA network in the Thailand market by listing its native asset (TOKEN) on Bitkub Exchange, the largest cryptocurrency exchange in the country. CoinGecko data shows that Bitkub is the biggest centralized exchange (CEX) in Thailand, controlling 70% of the local market share, followed by other recognized crypto exchanges, including Bitazza and Orbix.
The above token listing on Bitkub is expected to substantially improve TokenFi’s liquidity in Thailand and maximize the synergy between DeFi and RWA, offering advanced benefits to local digital asset users. The listing is set not only to provide significant real-world benefits to Thailand crypto/DeFi users, but also to increase the adoption and utility of the TokenFi platform.
Driving Liquidity And Adoption Of RWAs
The listing of the RWA token on the crypto exchange targets Asian markets through Bitkub’s established Southeast Asia presence and strong international infrastructure. Using this integration, TokenFi aims to drive liquidity to its tokenization platform alongside its institutional-grade tokenized products.
The launch of the TOKEN RWA asset on Bitkub showcases the real-world growth of TokenFi’s products through crypto/DeFi market liquidity, a pathway that the firm utilizes to onboard global users to its tokenization platform.
