“Traditional financial institutions will be the main growth driver for the asset tokenization market. This opinion was shared by the chief operating officer of Bitfinex Securities, Jesse Knutson, in an interview with Cointelegraph. “[Зараз] they are more mobile institutions that can move quickly, like family offices. I think they will have a huge impact in these early days. But in the end, the benefits of tokenization will attract traditional institutional investors,” the expert said. There are already institutional ones […]”, — write: businessua.com.ua
Traditional financial institutions will be the main growth driver for the asset tokenization market. This opinion was shared by the operations director of Bitfinex Securities, Jesse Knutson in an interview with Cointelegraph.
“[Зараз] they are more mobile institutions that can move quickly, like family offices. I think they will have a huge impact in these early days. But in the end, the benefits of tokenization will attract traditional institutional investors,” the expert said.
Institutionals are already one of the drivers of growth in the crypto industry. Knutson believes this trend will spread to the RWA market:
“The consensus is that the markets will evolve, and the direction they’re going is similar to how the digital asset industry has moved over the years.”
The current RWA market capitalization is $195.5 billion, of which $182.6 billion is accounted for by stablecoins. According to a report by Tren Finance, by 2030 the industry will grow to $4 trillion according to conservative forecasts and to $30 trillion according to optimistic ones.
RWA-initiative TetherOn November 14, USDT stablecoin issuer Tether launched a closed beta test of Hadron, its own non-custodial asset tokenization platform
Hadron by Tether is Tether’s new platform as a service that encapsulates all tokenization tech that Tether built in the last 10 years in a product available for institutions and professionals.
With Hadron, customers can issue and manage the full life-cycle of:
– stablecoins… https://t.co/Z5kZsJZDoi— Paolo Ardoino 🤖🍐 (@paoloardoino) November 14, 2024
Hadron will offer a system for launching and managing tokenized assets with support for a range of blockchains, including L2 solutions on top of Bitcoin like Blockstream’s Liquid.
The developers emphasized that users will receive a comprehensive set of compliance and risk management tools.
According to Tether CEO Paolo Ardoino, Hadron aims to make the digital asset industry more transparent and accessible to both individual users and large institutions, including corporations and national governments.
In recent months, the team presented the platform to a number of companies and government institutions for preliminary tests and received positive feedback.
As a reminder, on November 12, Lisk developers announced the launch of the main network L2 solution for RWA and DePIN.
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