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International Business Times
International Business Times
Business
Marvie Basilan

RedStone Co-Founder On How Institutions' Tokenization Push Signals A New Financial Era

The tokenization of U.S. Treasuries has picked up pace this year amid increasing adoption of crypto and blockchain-based products. CoinGecko YouTube | Tokenize Your Assets With THIS!! Real World Assets (RWA) Explained (Credit: CoinGecko on YouTube / Screenshot)

KEY POINTS

  • A more positive political climate around blockchain 'provides more certainty' for institutional players: RedStone co-founder Kazmierczak
  • 'Validation' from institutions through their increased engagement in tokenization efforts triggers broader adoption, Kazmierczak added
  • BlackRock and Franklin Templeton's participation in tokenization creates 'a powerful bridge between traditional and decentralized finance'
  • By 2030, all major financial institutions will be offering tokenized products: RedStone projection

Over the years, cryptocurrency has transformed from an asset used by a specific and small group of people for exchange into a financial asset class that's on the verge of broader adoption.

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