Reported 6 months ago
Banks are experiencing a slower-than-expected shift towards tokenising assets like bonds and currencies on blockchain-based platforms, with investors showing caution. While banks aim to make trading more efficient and cheaper through tokenised assets, the adoption rate remains slow. Executives at Money20/20 fintech conference highlighted the delay in moving to digital asset versions, with challenges such as the lack of a liquid secondary market and the fragmentation of networks among banks hindering widespread adoption. Despite these hurdles, enthusiasm for tokenisation remains high as banks work towards overcoming these obstacles.
Source: YAHOO