BCG estimates the tokenization of global illiquid assets to be a $16 trillion business opportunity by 2030
6 advantages of tokenization 👇
1/ Increased Efficiency
Utilizing blockchain technology removes the need for legacy middlemen, resulting in reduced settlement time and cost savings for issuance as well as other processes (i.e. corporate actions, and reconciliation).
2/ Reduced Cost
Automation, transparent record keeping, and reliance on public internet leads to significant reductions in cost, with blockchain reducing bond issuance costs by up to 90% while reducing fundraising costs by up to 40% compared to traditional private placement.
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- BNY Mellon and Chainalysis to track & analyze crypto products