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🗞️ Asset Managers Embrace Tokenization - PwC Report
A new PwC report shows that interest in digital assets and tokenization is surging in popularity with asset and wealth managers.
Dennis Baca
November 22, 2024 • Reading Time: 5 minutes
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🪙 Asset Managers Embrace Tokenization - Insights from PwC's Latest Report
A new PwC report reveals that tokenization is emerging as a game-changing force in asset and wealth management. 80% of surveyed managers confirm that disruptive technologies like blockchain are not only enhancing operational efficiency but also driving innovation, revenue growth, and workforce productivity. At the forefront of this transformation are tokenized investment products, which are projected to grow from ~$40 billion to $317 billion by 2028, representing an extraordinary CAGR of 50%.
Why Tokenization Matters
The explosive rise of tokenized assets is driven by their ability to:
Unlock Liquidity: Fractional ownership makes traditionally illiquid assets accessible to more investors.
Enhance Transparency: Blockchain’s immutable records build trust and streamline reporting.
Broaden Access: Tokenization is democratizing investments, especially in alternative funds like real estate, private equity, and commodities.
Tokenization isn’t just a technological trend—it’s a strategic shift reshaping how asset managers approach investment, with massive implications for the future of the industry.
📝 TLDR
🪙 Tokenization
Bitfinex Securities, NexBridge launch first tokenized US Treasury Bill offering under El Salvador's legal framework - link
Mastercard’s connects to J.P. Morgan’s Kinexys Digital Ledger for settlement — link
Crypto market maker B2C2 taps PV01 to issue its first corporate bond on Ethereum — link
Goldman Sachs to spin off its dedicated crypto platform to accelerate development — link
🏗️ DeFi / Infrastructure
Coinbase delists WBTC from its platform - link
Coinbase Wallet introduces 4.7% APY reward for USDC holders — link
Grayscale Bitcoin ETF options begin trading — link
Phantom overtakes Instagram and Whats App in App Store rankings; mass adoption is coming! — link
Sky, formerly Maker, deploys stablecoin on Solana — link
Binance unveils $BFUSD, a high-yield investment product promising 19.55% APY - link
👩🏼⚖️ Legal
SEC Chair Gary Gensler to step down on January 20 as Trump signals pro-crypto agenda - link
FTX plans to begin repaying ~$16 billion to its creditors by March 2025 - link
VanEck and BlackRock support BTC Federal Reserve project - link
UK government to introduce new regulatory framework for the crypto industry in 2025 — link
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4:30 PM • Nov 21, 2024
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