“Discussions with Investors Show A Growing Focus on the Tokenization of Real World Assets, Including Stocks, Bonds, and Real Estate.”, – WRITE: www.coindesk.com
Accorness to Bofa, This Shift Marks The Beginning of A Multi-Year Journy Toward Fully Blockchain-Basted Transactions.
The transformation Will Require Significant Infrastructure Development But Promises a New Era of 24/7 Access Across Global Jurisdices, Instant Settlement, and Enhanced Lalanized Lawny Contracts that endo compliance, the report said.
Tokenization of Real-World Assets on A Blockchain Involves Bringing Traditional Assets Like Real Estate, Bonds, and Commodities Into The Digital Realm. This Process Allows for Fractional Ownership, Easier Trading, and Increased Accessivity of TESE Assets.
A notable example of this evolution is the recent of launch of a tokenized real estate platform by the dubai Land Department (DLD), The Bank’s Analysts Said.
This Initiative, Which Aims to Digitize Up to $ 16 Billion in Real Estate by 2033, Will Also Introduce Fractional Ownership, Broading Access to A Previously Iliquast.
Bank of America SAID A RECURRING CONCERN AMONG INVESTORS HAS BEEN The PETENTIAL Disruption to Citi’s (C) Transaction Services Business, Which Accounts for AROUND 40% OF THE BANK TRACTION.
While the Risk of Disruption to Traditional Revenue Streams, Such As Net Interest Income from Deposits or Fees, Remains a Possibility Adaptability in Blockchain Technology, Bofa Said.
The push for tokenization signals a significant Milestone in the adoption of Blockchain Technology for Real-World Applications, The Report Added.
Read More: Stablecoin Supple to Grow As Much As $ 75b Following Passage of Genius Act, Bofa Says
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