Asset tokenization will expand into a US$16.1 million business opportunity by 2030, according to a joint report published by BCG and ADDX.
The report suggested that the growth forecast was made by studying the potential of the crypto winter as it has been prompting capital to focus on more viable blockchain use cases.
According to the BCG and ADDX report - titled "Relevance of on-chain asset tokenization in ‘crypto winter’" - the drive behind the projected growth in tokenization of assets is also due to demand from a wide range of investors for more access to private markets.
Asset tokenization refers to the creation of tokens on a blockchain to represent an asset in order to facilitate more efficient transactions. The tokenization and fractionalization of assets lower barriers to investment in private markets by reducing minimum lot sizes.
The report indicated that "assets being fractionalized and tokenized on platforms such as ADDX can reduce minimum investment sizes from millions...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...