Tokenized assets to exceed $20B over next year: CF Benchmarks
The post Tokenized assets to exceed $20B over next year: CF Benchmarks appeared on BitcoinEthereumNews.com.
Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: Ben unpacks some of the latest updates in the world of tokenization as the sector continues attracting more traditional players. Casey shares updates from Washington on where we stand with crypto legislation headed into the election. Speaking of the election, we look at how grassroots movement “Crypto4Harris” is ramping up its efforts. Tokenization efforts not slowing down Are you sick of reading about tokenization yet? We wouldn’t blame you, as we’ve heard about the segment’s potential for a while now. But the exploration of this sector by financial majors seems to be living up to the hype, at least in terms of the volume of initiatives. As big companies continue to figure out the best way into the space, many industry watchers expect the trials and tribulations to ultimately bear massive fruit. Tokenization has been a hot topic in recent years. Franklin Templeton launched its OnChain US Government Money Fund in 2021 and started allowing institutional investors to transfer shares of the fund to other shareholders earlier this year. Asset management behemoth BlackRock also joined that space, introducing its own tokenized money market fund in March. A recent report by Kraken subsidiary CF Benchmarks noted that while tokenized money market funds eliminate intermediaries and boost accessibility via asset fractionalization, these benefits are only scratching the surface. Investors across a broad range of financial instruments will be given better liquidity, transparency and efficiency thanks to tokenization, analysts Gabe Selby and Mark Pilipczuk wrote. “Tokenized assets can integrate with DeFi, enabling stocks, bonds and real…
Filed under: News - @ September 25, 2024 8:16 pm