Bloomberg: "Tokenization" is becoming the new darling of Wall Street, and this round of frenzy focuses on the digitization of financial assets
On December 27th, according to Bloomberg, as the price of bitcoin hits a record high, asset tokenization has once again become a hot topic in the traditional finance and cryptocurrency fields. This technology that digitizes physical assets and records them on the blockchain is being favored by Wall Street institutions including BlackRock. Industry insiders believe its potential may exceed that of the Internet.
This round of asset tokenization is driven by factors such as the bitcoin bull market and Trump's election victory. Unlike previous attempts to use blockchain technology in scenarios such as Walmart supply chain tracking a few years ago, this round of asset tokenization is more focused on the digitization of financial assets such as real estate and bonds.