Global Management Consulting firm “Boston Consulting Group” recently released a report, which states that, that Ripple The target is to reach the tokenized property market to $ 18.9 trillion by 2033. According to the report, this technology is getting closer to a “tipping point”, which can bring revolution in the market.
Tokenized property estimates
Tokenization means, record the ownership of assets using blockchain technology and transfer them from one place to another. This may include assets like securities, commodities, real estate. This technology is becoming increasingly popular in the Crypto sector and many traditional financial companies are adopting it so that they can work with more efficiency, get fast and cheap disposal and do 24×7 transactions.
According to the report, the tokenized property market can increase with an average annual growth rate (CAGR) of 53%. This report is based on three possibilities. An estimate is that by 2033 it will reach $ 12 trillion, while another optimistic judgment is $ 23.4 trillion.
JPMORGAN’s Kinexys Platform has already processed tokenized transactions of more than $ 1.5 trillion. At the same time, Blackrock’s Tokenized Us Buck Cash Marketplace InvestMrent (Build) has reached close to $ 2 billion and is now being used in Defi (DECENTRARZED Finance).
According to pre -reports, Entry in UK Crypto Marketplace from FCA Registration of Blackrock Blackrock has become UK’s Monetary Habits Authority to get approval to act as a crypto asset firm. The move will not only expand the blackrock to the crypto sector, but will also increase the importance of cryptocurrency in the global financial system.
Real time liquidity management from tokenization
The report highlighted the tokenized government bonds, such as US Treasuries, is highlighted as a major success. Through this, corporate tragedies can transfer cash from digital wallets without any intermediate to a short-term government bonds and manage liquidity in real time.
Apart from this, tokenization is also seen to have a major possible impact in areas such as private credit and carbon markets. These can make traditionally disorganized and difficult markets more transparent and accessible for investors. It is clear from this report that the future of tokenization is very bright and as technology is developing, its utility in the financial world will increase.
Conclusion
There is a possibility of change in financial world through tokenization. This technology can make traditional investment methods more accessible and inexpensive. It is also clear in the report that the impact of tokenization can also be seen in areas such as the government’s bonds, private credit and carbon markets. As this technology develops, it will adopt a more financial organization, which will increase its use and also improve financial transparency.
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