Interest in blockchain technology from large institutions like BlackRock and PayPal continues to grow, setting the stage for what may be a transformative shift in finance.
In a recent interview ahead of the Benzinga Future of Digital Assets event, Sandra Ro, CEO of the Global Blockchain Business Council, offered her perspective on the factors fueling this interest and how they might influence the cryptocurrency landscape.
Tokenization: A New Path for Traditional Finance
According to Ro, while some institutions might engage with blockchain due to “FOMO,” others are exploring its potential for creating new revenue streams through tokenizing real-world assets.
Tokenized assets, including collateral, money market funds, and repos, offer a path to fractional ownership and direct digital transfer of ownership rights without physically moving items like gold. As Ro put it, …Full story available on Benzinga.com
A New Era? How Tokenization Could ‘Reduce Frictions And Potentially Costs’ In Finance
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