Cronos Labs & AWS Partner to Deploy $10B in Tokenized Assets by 2026
Cronos Labs, headed by Mirko Zhao, has detailed its vision for the next stage of blockchain development, centering on tokenization and real-world assets (RWAs). The company has allied with Amazon Web Services (AWS) to strengthen this endeavor, with the goal of deploying $10 billion in tokenized assets and drawing in 20 million users by 2026.
Cronos and AWS teamed up in 2021, with the aim of enhancing blockchain's relevance to institutions and speeding up the adoption of tokenized assets. The partnership will result in Cronos' blockchain data being integrated into AWS Public Blockchain Data, creating a conduit for AI-driven analytics.
AWS has underscored the necessity for secure and robust technology infrastructure in exploring tokenization prospects. To support this, AWS will provide up to $100,000 in credits to chosen developers working on the Cronos network, promoting ecosystem growth.
With the Cronos-AWS partnership, the groundwork is laid for substantial growth in blockchain ecosystems. By 2026, Cronos aims to deploy $10 billion in tokenized assets and attract 20 million users, signifying a significant milestone in the institutional adoption of tokenization and real-world assets.
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