Source:YouTube
The buy-in to the Tokenization of Financial Assets from major stakeholders like Blackrock, with $9.1 Trillion Assets under management (as of the March 2023), cannot be dismissed. Indeed, Larry Fink, CEO of Blackrock, recently said on YouTube that “the next generation of markets is tokenization of securities.”
According to Boston Consulting Group, the tokenisation of global illiquid assets presents a huge $16 trillion business opportunity by 2030. Let’s keep in mind that we are currently (ex-China) at a stage that advancements in digital cash are top of mind because of the tipping point following the LIBRA/DIEM plans. COVID and geopolitics gave this trend another boost that isn’t wearing off by any stretch of the imagination. In this same world, we are still plagued by the frictions of correspondent banking and the lack of interoperability between global settlement and clearing systems. Which means that the BCG-tokenized world urgently needs tokenized cash or better said, …
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