According to the research report prepared by the cryptocurrency company Coinbase, tokenization technology may be used more widely over time.
According to the report shared by Coinbase, corporate companies have become much more knowledgeable about tokenization technology than before, with the influence of macroeconomic conditions.
in 2017 real estate, commodity, artwork physical products such as tokenization can be digitized and trillions of dollars of goods to blockchain It was thought that it could be transferred.
Although this scenario does not happen, according to the Coinbase report renewed interest in tokenization started:
“Commercial use of tokenization illicite, physical “He moved away from moving assets to blockchain and turned to capital market instruments such as US Treasury bonds, bank deposits, money market funds, and repurchase agreements.”
There are different predictions about how much the tokenized asset industry will grow. Citigroup, in the industry 5 trillion dollars by 2030; Boston Consulting Group by the same date 16 trillion dollars predicts that a volume will be seen.
According to Coinbase research, one of the obstacles to the growth of the sector is legal challenges it could be:
“Since this is a new market, there is no well-known jurisprudence and legal template, so significant amounts of money and time need to be spent to establish these.”
Coinbase researchers say that in the long term, as the legal basis on the subject develops. “tokenized liquidity” It is estimated that it will also grow.