Citibank, one of the largest banks in the world, claimed that trillions of dollars of assets could be tokenized in the next 7 years, and this would boost the crypto ecosystem.
In Citi’s latest global perspectives and solutions report, a blockchain-based representation of financial assets tokenization“What the cryptocurrency market needs to catch a flash point”killer use caseIt was stated that “it could be. The term “Killer use case” is particularly in the adoption of a new technology represents one of the determining factors.
In the details of the report, that almost anything of value can be tokenized Emphasizing that, Citi suggested that digital currencies will come at the beginning of this tokenized structure. circulating in world economies tokenized digital securities 4 trillion dollars and central bank digital currencies (CBDC) up to $5 trillion Estimating that it may come out, the bank thinks that half of it may be related to distributed ledger technology.
Estimated $5 trillion tokenization of $1.9 trillion from debts, 1.5 trillion dollars from real estate, of $0.7 trillion from private equity and 0.5-1 trillion dollars It is anticipated that securities will also be included.
Research, special capital And venture capital funds that it will be the most tokenized asset class and that the total market 10%While stating that he will catch real estate if the total volume 7.5%He indicates that he will be in.
through blocks tokenization Although the potential of this technology has been expressed for some time, widespread use of this technology has not yet materialized. Executive editor of Citi GPS Kathleen Boylesaid that the long-awaited blockchain potential could soon be realized.
Successful adoption will involve billions of users who are unaware that they are using blockchain technology. This is likely central bank digital currencies, in-game tokenized It will happen through the adoption of blockchain-based payments through assets and social media.
Also in the presented report, blockchain tokenization is technologically superior while placing traditional financial system is limited in this regard. highlighted.
While traditional financial assets are not imperfect, they are limited because they are limited by traditional systems and processes.