McKinsey: The tokenized financial asset market is expected to reach two trillion dollars by 2030
ChainCatcher News, according to Cointelegraph, analysts from consulting firm McKinsey stated that although tokenized financial assets have experienced a "cold start", it is expected that their market size will reach about 20 trillion US dollars by 2030.
In an optimistic scenario, this value could double to around 40 trillion US dollars. Tokenization has shown "obvious momentum", but widespread adoption is still far away because modernizing existing financial infrastructure is "challenging, especially in heavily regulated industries such as financial services".
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
Traders are betting on rising US Treasury yields, short positions surge and push up repo costs
Short positions on government bonds continue to increase, driving up the cost of repo borrowing.
Mattel, the maker of Barbie dolls, surges 19%! Acquired by Authentic Brands Group with an offer possibly exceeding $20 per share
According to media reports, Authentic Brands Group has privately approached Mattel to discuss an acquisition offer. The bid could exceed $20 per share, corresponding to an overall valuation of around $6 billion or higher. There is no guarantee that both parties will eventually reach an agreement. Additionally, with a new CEO about to take charge at Mattel, whose strategic plans have yet to be clarified, the potential deal may become even more complex.
The British Pound slides again as UK government bonds sell off
Horace Mann Completes Acquisition of Employee Services
Crypto prices
More
