Tokenization will disrupt finance faster than digital disrupted media: Crypto exec
A crypto executive predicts tokenization will transform finance quicker than digital technology changed media.Summary
Keith Grossman, president of MoonPay, asserts that tokenization of real-world assets (RWA) will disrupt the financial industry faster than digitization disrupted legacy media. He argues that just as digitization forced media to evolve, RWA tokenization will compel traditional institutions to adapt, citing examples like BlackRock offering tokenized funds and Franklin Templeton running tokenized money market funds. Tokenization offers benefits such as 24/7 market access, global scale, lower transaction costs, and reduced settlement times. Grossman believes financial incumbents like Citi and JPMorgan will survive in a transformed state, and the winners will be those who embrace the shift to blockchain-powered finance, rather than resisting it. The RWA sector currently holds a market capitalization of nearly $19 billion, with Ethereum hosting the majority of tokenized value.
(Source：Cointelegraph)