CandleFocus OMFIF Survey Respondents Believe Substantial Level of Tokenization is Still Three Years Away
2024-09-17
Author: Content Editor
A survey conducted by the Official Monetary and Financial Institutions Forum (OMFIF) found that 92% of market participants believe that financial markets will experience a substantial degree of tokenization in the future, with 65% believing that bonds are the most likely assets to be tokenized. The survey also revealed that 42% of respondents agree that blockchain will become the dominant form of financial market infrastructure. Various countries, including the UK and Bank for International Settlements, have been conducting experiments with blockchain and tokenization. Additionally, wholesale central bank digital currencies (CBDCs) have been widely tested, with market participants favoring them over other forms of tokenized cash. Robust regulation will be crucial for the effective adoption of CBDCs.
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