Change is a constant factor in the financial markets. Over the course of centuries, the methods of buying, selling, transferring, and owning assets have seen minor improvements, but no groundbreaking innovations have emerged. While legacy systems have been functional, they are slow and inefficient when it comes to accommodating the scalability and flexibility required in a digital world. Presently, developers worldwide are working on building the necessary infrastructure to realize the tokenization of Real World Assets (RWAs).
Larry Fink, the CEO of BlackRock, highlights how the introduction of Exchange Traded Funds (ETFs) has revolutionized investment practices. He believes that the next evolutionary step for markets and securities lies in the tokenization of securities.
