Tokenized Treasuries Like Blackrock’s BUIDL Will Challenge Stablecoins But Won’t Fully Replace Them: JPMorgan
These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.
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Tokenized Securities
These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.
Tokenizing U.S. Treasuries and using them as collateral in crypto markets presents a significant opportunity to merge the best aspects of traditional finance with the innovation of DeFi, says Carlos Domingo.
Guggenheim Treasury Services, a subsidiary of financial services giant Guggenheim Partners, has issued $20 million of tokenized commercial paper on the Ethereum blockchain, its partner, blockchain platform Zeconomy, announced Thursday.
In recent weeks, the buzz around the emerging tool of tokenizing real-world assets has been on how it will grow to achieve the $16 trillion-by-2030 potential that the Boston Consulting Group predicted last year. Inevitably, criticism intrudes, and this week there is sober opinion, caution and skepticism in the zeitgeist.
Tokenization of real-world assets has been dismissed by many crypto purists for operating under a centralized framework, but new technological advances have migrated the process from closed, permissioned projects onto public, permissionless blockchain platforms. This could offset traditional finance risks and broaden investment opportunities.