Reported 8 months ago
Citigroup predicts that by 2030, the global asset tokenization market could reach nearly $4 trillion in size with a trading volume of $1 trillion. Various countries including the US, Singapore, Hong Kong, and the UK are exploring tokenization research or implementing actions. Citigroup highlights the potential of asset tokenization as a transformative application, particularly in enhancing blockchain breakthroughs. Initiatives like Singapore's Project Guardian aim to utilize asset tokenization to boost financial market liquidity and efficiency, involving regulators from around the world. While widespread adoption of asset tokenization may still be 6-8 years away, there is a notable shift towards trials and concept verification among governments, large institutions, and corporations.
Source: YAHOO