TechFlow, Dec 23 — According to Cointelegraph, Keith Grossman, President of cryptocurrency payment company MoonPay, said tokenization will transform the financial industry faster than digital technologies disrupted traditional media. He noted that real-world assets (RWA) will force traditional financial institutions to adapt—it is no longer a theoretical concept, as institutions like BlackRock and Franklin Templeton are already offering tokenized funds on blockchain.
Currently, the market capitalization of the RWA sector (excluding stablecoins) is approaching $19 billion, with the majority of tokenized assets deployed on the Ethereum network. Advantages of tokenized assets include enabling 24/7 market access, globalizing assets, reducing transaction costs, and shortening settlement times.
Previously, the Depository Trust & Clearing Corporation (DTCC) received approval from the U.S. Securities and Exchange Commission to provide tokenized financial instruments, planning to launch its first batch of tokenized assets—including U.S. Treasuries and stock indices—in the second half of 2026.
