Tokenization of real-world assets ‘changes how value is transferred’

[ad_1]

Much like how large corporations were initially uncomfortable with cloud computing but it is now normalized for institutions as cautious as the Central Intelligence Agency, real-world assets will eventually be tokenized on private blockchains. , then authorized chains and finally public chains, said the CEO of Securitize. Carlos Domingo on stage.

“Companies are becoming more comfortable with this,” Domingo said. “Private blockchains are fine, but that only solves part of the problem.”

Christine Moy, head of digital assets at Apollo Global Management, added that tokenization is “changing the way value is transferred” and is only possible now because the technology gap has been closed.

“The concept of tokenization is not new, but it has taken on new legs in the past,” added Morgan Krupetsky, director of business development for institutions at Avalanche Labs, saying that institutions and investors have become more familiar with technology as we come. a long way since 2017 when the idea first hit the market.

The price hike has also added a sense of urgency to readying this technology for the mainstream, said Krupetsky, who explained that we’re at the point where the customer just has to say “yes please. likes” tokenization.

If tokenization receives the positive market reception the panelists on stage were hoping for, it would represent the next chapter in crypto, according to Securitize’s Domingo.

“Cryptocurrencies focused on things that weren’t regulated. Things that weren’t necessarily very productive,” he said. “You have to put real stuff on the channel to be productive.”

[ad_2]