Chainlink: Tokenization of real-world assets may bring hundreds of billions of dollars to the chain
Chainlink co-founder Sergey Nazarov shared the biggest crypto trend to watch for in 2024 during an interview. He stated that tokenizing real-world assets (RWA) could bring trillions of dollars onto the blockchain and revolutionize the cryptocurrency and finance industries.
Furthermore, the world's largest banks and asset management companies are now actively utilizing blockchain technology in production, and as institutions expand blockchain-based markets, tokenize more real-world assets and financial instruments, and enable liquidity to flow between various DLT and existing systems, this trend of tokenization will only accelerate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin’s legitimization, BlackRock shatters records, buy-in soars: Spot bitcoin ETFs mark one-year anniversary
With one year in the books, spot bitcoin ETFs have generated over $660 billion in trading volume.After amassing over $50 billion in assets under management (AUM) in the past year, BlackRock’s IBIT fund emerged as the clear leader among spot bitcoin ETFs.Bitcoin’s standing as an accepted asset class took on new shape thanks to the new financial instruments.
Dewhales' partnership x TreeHouse
Flockerz Soars Past $9.5M In Presale – Only 11 Days Left To Buy Vote-To-Earn Meme Coin At Low Price
Biden Pushes Controversial Crypto Regulation in His Final Days as U.S. President