Towards 2023: the tokenization race is on
As the year comes to an end, we want to take a moment to thank you for being part of our journey. From our family to yours, we wish you a happy and safe holiday season!
2022 has been a great year for our industry, with the tokenization movement on the rise. This month, BlackRock CEO Larry Fink stated that “the next generation of markets and securities will be tokenization of securities.” Moreover, this sentiment is being echoed by a number of institutions such as State Street and J.P. Morgan.
A further indication of this trend is the rapid growing demand from institutional investors for tokenized securities. BNY Mellon’s latest survey reveals that 97% of institutional investors agree that tokenization will revolutionize asset management, with 70% expressing their willingness to pay extra for increased liquidity and faster asset turnover. There is no doubt that financial institutions (FIs) have to place a high priority on tokenizing assets in 2023 in order to meet the demands of investors.