The RWA Summit in Brooklyn saw discussions on the tokenization of real-world assets, with some executives expressing optimism about the potential of the market. Fidelity's Cynthia Lo Bessette highlighted that adoption of tokenization will come from addressing issues faced by investors. A survey by EY-Parthenon found that asset managers see access to new investors and capital, as well as cost savings, as the main drivers for tokenization. Franklin Templeton's Roger Bayston highlighted the cost savings that can be achieved through blockchain technology. The conference also touched on the potential of stablecoins in the foreign exchange market. While some skepticism was expressed about tokenization, executives generally agreed that widespread adoption will take time. Will Nuelle of Galaxy Ventures predicted that a broader tokenization boom will be a two-decade story.



Other News from Today