CFTC Chairman Michael Selig Predicts a Massive Wave of Asset Tokenization. Here's How to Get Ahead of This New Investment Trend.
A few winners of the tokenization trend are emerging, but it's still the early innings.
Overview
Commodity Futures Trading Commission (CFTC) Chairman Michael Selig said on Sept. 22 that regulators (and thus investors) must prepare for "mass tokenization" of assets, and he went on to conjecture that tokenization and the 24/7 trading it enables will reshape markets at a pace faster than any other such changes over the prior decades.
He probably isn't wrong; the consultancy McKinsey is expecting as a base case that the sum of tokenized assets will be worth $1.9 trillion by 2030, up from $38.6 billion of tradable assets today.
Details
Tokenization is the process of representing the ownership information of an asset, such as a stock, as a digital token managed on a blockchain. So what's the best way to get ahead of the trend and get some upside?
Source
Originally published at www.fool.com.