While another crypto winter is in effect, on-chain asset tokenization is accelerating and set to hit $16T by 2030 (see full BCG report below).
The majority will be financial assets (Insurance policies, Pensions, Alternative Investments), other tokenizable assets (Infrastructure Projects, Car Fleets, Patents), Home equity, other equities and bonds.
Where will these tokenized assets live? Based on a recent study done with ISSA, The ValueExchange, Accenture, VMware & Broadridge surveying 148 financial services organizations, most of these assets will be tokenized on private / permissioned chains. https://issanet.org/content/uploads/2022/07/DLT-in-the-Real-World_ISSA-survey-2022_VX-Key-Findings_.pdf
ISSA DLT in the real world 2022
However, Web3 Labs CEO Conor Svensson noted “At this point, the difference between public and private networks will be less pronounced, as there will be different networks optimized for different use cases. Any companies working on enterprise initiatives should have this point in their sight, as this will be the point where blockchain becomes the fabric that can underpin many of our enterprise applications, without all of the concerns that it faces currently. This will require interoperability between these private closed networks and other private or even public networks. In order to achieve this, universally accessible blockchain networks will need to be available, which is where a generally accessible settlement layer such as Ethereum comes into play.” https://blog.web3labs.com/enterprise-blockchain-redux
Full BCG report – https://web-assets.bcg.com/1e/a2/5b5f2b7e42dfad2cb3113a291222/on-chain-asset-tokenization.pdf
Leave a Reply