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The real-world asset tokenization sector is drawing participants from well outside the traditional financial technology sphere. Universal Safety Products, Inc.
(NYSE American: UUU), the Owings Mills, Maryland-based company, said on July 7 that its wholly owned subsidiary Universal DeFi LLC has begun developing a platform designed to support the tokenization of real-world assets.
The announcement marks an early-stage move into a sector that has attracted growing institutional attention as blockchain settlement infrastructure matures.
An unconventional entry Universal DeFi LLC is the wholly owned subsidiary through which Universal Safety Products is making its move into blockchain infrastructure.
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