The retailer plans to build a platform for tokenized real-world assets, expanding beyond e-commerce after its 2023 bankruptcy.
Bed Bath & Beyond has signed an agreement to acquire Tokens.com as part of a push into real estate finance and tokenized real-world assets, combining traditional financial products with blockchain-based infrastructure.
According to a company announcement on Monday, Tokens.com, a blockchain-focused financial infrastructure company, will be used to develop a platform focused on real estate finance, tokenized securities and other real-world assets (RWAs), integrating blockchain systems with regulated financial services.
Bed Bath & Beyond already owns or holds strategic stakes in blockchain businesses, including tZERO and GrainChain. Tokens.com will become a wholly owned subsidiary and is expected to rely on existing regulatory and operational infrastructure across the company’s blockchain businesses.
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