Hello
Welcome to this month‘s edition of Tokeny Insights and trading tips. This post is mainly aimed at those who have basic knowledge of the trading industry. If you are yet to gain this important information, you may wish to enroll on this forex trading course. If you already have a Forex broker trading company and are needing some help with your overall business from a customer standpoint, you can look at helpful Forex CRM services, as well as reading on.
There‘s a notion that tokenization will bring a greater amount of investment opportunities to a wider group of investors. This is yet to come to fruition for two different reasons. Firstly, there has been a lack of marketplaces and liquidity providers for tokenized securities. Secondly, distributors have had a limited amount of credible asset-backed tokens to list. Herein lies what many are calling the chicken and egg problem. It creates challenges, but also opportunities for the early adopters.
This month we saw the first neobanks combine digital banking services with online marketplaces. Revolut, the mobile bank with 4.5 million customers, added stock trading to its platform, allowing users to buy amazon shares uk, or invest in any other company they like the look of. This in turn, has even led to traditional banks such as JP Morgan to respond with their own digital investment services to retain their customers and perhaps even attract some new customers too. The expanding choice of online stock trading services will be welcome to those who are keen on investing money in the stock market. The likes of Robinhood and N26 raised under $1bn in July, capital that will enable them to develop similar services to Revolut and heavily expand their product lines. The rise of neobanks is not restricted to the US and Europe. Kyash have developed an offering that is set to disrupt traditional banking services in Japan, and raised $14 million last month.
One reason for the rise of these neobanks is the increase in millennial wealth. In the US alone, it‘s been reported that $30 trillion is about to change hands from the baby boomers to the millennial generation (CNBC). As more and more digitally savvy millennials accrue disposable wealth, the demand and expectations for digital investment opportunities will undoubtedly increase. At the moment neobanks have only scratched the surface with offering investment opportunities to its users, but what will happen once they understand they can use a complete turnkey blockchain infrastructure? How long will it take for them to adopt tokenization projects? I would be very intrigued to get your thoughts.
Thank you for reading and speak soon. Any thoughts or questions then please reply to this email.
Best wishes,
Luc Falempin
Tokeny CEO