Bernstein stated that tokenization is beneficial and this benefit could create a $5 trillion opportunity.
The proliferation of cryptocurrencies and the increasing interest in the use of digital assets brought the issue of tokenization to the agenda. Tokenization studies continue to be investigated in many countries. Central bank digital currencies (CBDC) and stablecoins are attracting attention.
Bernstein, who published a research report on the subject of tokenization, stated that the tokenization opportunity could create an opportunity of 5 trillion dollars in 5 years.
Bernstein Highlights the Opportunities of Tokenization
Publishing a research report, Bernstein stated that the tokenization process will provide operational efficiency and offer improved liquidity.
Referring to the concept of tokenization, Bernstein stated that this opportunity could generate growth in stablecoins and CBDCs in the coming years. According to Bernstein, the tokenization opportunity could generate $5 trillion in growth.
According to the Bernstein report, stablecoins and CBDCs will benefit viability in payments. This growth will translate into trillions of dollars of opportunity, led by on-chain deposits, private market funds and securities.
Examining the issue, Bernstein said;
Over the next five years, we expect an increase in stablecoins and CBDC tokens in circulation, led by China’s CBDC program.
Despite all this positive report, Bernstein drew attention to the current regulatory uncertainty in the market. Bernstein stated that emerging technologies can be successful if they take a conservative approach.
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