Coinbase, Circle, and other founding members of the Tokenized Asset Coalition launch the GAP framework for DeFi composability of tokenized securities.

BlockBeats news, October 16: The Tokenized Asset Coalition (TAC) has launched the Global Access Protocol (GAP), a framework designed to enable composability of tokenized securities in DeFi. TAC stated that the protocol was developed over a year by TAC in collaboration with the Digital Securities Initiative, during which multiple meetings were held with the U.S. SEC, CFTC, and Treasury Department. More details will be announced next week.

Additionally, TAC simultaneously announced the addition of 12 new members: Ascend, Control, Cryptio, Digital Securities Initiative, Enterprise Ethereum Alliance, Euler, Lava, OpenZeppelin, Overmatch Capital, Protocol Wealth, Reserve, and T-RIZE.