Tomarket, a decentralized exchange platform for tokenized real-world assets (RWA), has received an undisclosed amount in investment from Bitget Wallet, a DeFi wallet platform, and Foresight X, a crypto investment firm.

Bitget also announced that it would partner with Tomarket to integrate it into Bitget’s on-chain layer, which enables users to access Web3 protocols from within its digital wallet platform. The company stated that the integration will also enable it to expand the number of use cases for BWB, its native token.

Tomarket is a decentralized exchange platform that enables users to trade a number of emerging asset classes such as real-world assets (RWA), crypto asset yields swaps, crypto points, and pre-TGE assets. The company plans to launch the platform as a Telegram mini-app in July.

Analyst QuickTake: Real-world asset tokenization has seen a growing interest within the DeFi industry in the last six months with many startups raising funding. These include Securitize , Backed , Volta , and Centrifuge, which raised USD 47 million , USD 9.5 millio n, USD 4.1 million , and USD 15 million, respectively. Moreover, while this space has seen considerable funding for startups in the last few months, it has also seen growing involvement from large institutions, with major asset management players such as Blackrock making investments in startups and launching a tokenized fund on Ethereum.