{"id":164371,"date":"2022-09-27T07:36:59","date_gmt":"2022-09-27T07:36:59","guid":{"rendered":"https:\/\/precoinnews.com\/?p=164371"},"modified":"2022-09-27T07:36:59","modified_gmt":"2022-09-27T07:36:59","slug":"almost-everything-could-be-tokenized-in-5-10-years-matrixport-co-founder","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/almost-everything-could-be-tokenized-in-5-10-years-matrixport-co-founder\/","title":{"rendered":"Almost everything could be tokenized in 5-10 years \u2014 Matrixport co-founder"},"content":{"rendered":"

In five to ten years, almost every \u201creal world\u201d asset class could be tokenized in the form of a nonfungible token (NFT) according to Cynthia Wu, co-founder of digital asset service platform Matrixport. <\/p>\n

Speaking to Cointelegraph, Wu said the best case for NFTs would see the widespread representation of real-world assets to be stored and traded on-chain:<\/p>\n

\u201cEventually all the major financial asset classes are going to be represented on this new financial infrastructure [and] NFTs could be our instrument to represent off-chain assets like real estate deeds, equities or bonds.\u201d<\/p><\/blockquote>\n

The move on-chain would make these real world assets \u201cmore liquid and more tradable\u201d which would improve price discovery and transaction activity, Wu added.<\/p>\n

But Wu said that while it\u2019s great that we\u2019ve created over two trillion worth of digital native assets on-chain from Bitcoin (BTC), Ethereum (ETH) and other tokens, the only niche to have generated NFT transaction activity has come from digital collectibles \u2014 which hasn\u2019t really helped institutional adoption:<\/p>\n

\u201cWe haven’t really been seeing off-chain assets being represented on-chain […] we’re now really only at the first 3-5% of it.\u201d<\/p><\/blockquote>\n

But nonetheless, Wu is confident that the tide will turn.<\/p>\n

Earlier this month, a report from Boston Consulting Group (BCG) estimated the total size of tokenized illiquid assets to reach $16.1 trillion by 2030.<\/p>\n

BCG predicted much of this tokenization to come from pre-initial public offering (IPO) stocks, real estate, private debt, and revenue generated from small to medium-sized businesses.<\/p>\n

However, while the tokenization of real-world assets has piqued the interest of financial institutions, Wu said some have been a bit reluctant to move on from the legacy systems that have served them well over the years.<\/p>\n

Related: <\/em><\/strong>Asset tokenization: A beginner\u2019s guide to converting real assets into digital assets<\/em><\/strong><\/p>\n

Wu pointed out the traditional financial system hasn\u2019t accounted for the trading of nonfungible assets because they can\u2019t easily be exchanged the same way a fungible or divisible asset can, but tokenization on the blockchain provides a solution for that. <\/p>\n

She also argued that blockchain infrastructure is the superior option to legacy systems, citing cost efficiencies, improved liquidity, 24\/7 market access, and the removal of intermediaries as the main factors that would lead to a more streamlined financial system.<\/p>\n

<\/p>\n

Matrixport was established in Feb. 2019, and currently manages between $3-4 billion in digital assets from a broad mix of retail and institutional clients.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In five to ten years, almost every<\/p>\n","protected":false},"author":3,"featured_media":164370,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nAlmost everything could be tokenized in 5-10 years \u2014 Matrixport co-founder - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/almost-everything-could-be-tokenized-in-5-10-years-matrixport-co-founder\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Almost everything could be tokenized in 5-10 years \u2014 Matrixport co-founder - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"In five to ten years, almost every\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/almost-everything-could-be-tokenized-in-5-10-years-matrixport-co-founder\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-27T07:36:59+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/09\/Almost-everything-could-be-tokenized-in-5-10-years-\u2014-Matrixport-co-founder.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/almost-everything-could-be-tokenized-in-5-10-years-matrixport-co-founder\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/almost-everything-could-be-tokenized-in-5-10-years-matrixport-co-founder\/\",\"name\":\"Almost everything could be tokenized in 5-10 years \u2014 Matrixport co-founder - 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