2 years ago
The benefits of tokenization are simple, the process brings operational efficiencies and improved liquidity and accessibility, Bernstein said successful a probe study connected Tuesday.
Tokenization is the process by which real-world assets are converted into blockchain-based tokens.
Bernstein estimates that the size of the tokenization accidental could beryllium arsenic overmuch arsenic $5 trillion implicit the adjacent 5 years, led by stablecoins and central slope integer currencies (CBDC), backstage marketplace funds, securities and existent estate.
Currency tokenization, via stablecoins and cardinal slope integer currencies, volition spot exertion successful on-chain deposits and payments, the study said, with astir 2% of planetary wealth proviso to beryllium tokenized implicit the adjacent 5 years, which is astir $3 trillion, the study added.
“Over the adjacent 5 years, we expect a swell successful the stablecoins and CBDC tokens successful circulation, led by China’s CBDC program,” analysts led by Gautam Chhugani wrote. “Stablecoins and CBDC tokens, coupled with output farming successful decentralized markets, volition vie with slope deposits arsenic an concern oregon redeeming instrument,” the analysts wrote.
Still, the broker notes existent regulatory uncertainty, and says that “tokenization utilizing blockchain tin lone win erstwhile policy-makers admit the benefits of blockchains and however crypto tokens are an indispensable portion of blockchain operations.”
“How policy-makers modulate blockchain-based businesses volition find however they presumption tokenization of real-world assets,” the enactment said, adding that “regulations whitethorn blunt the advantages of tokenization."
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