The tokenised asset market could reach $10 trillion: Chainlink report

Chainlink, which has been experimenting with tokenisation with many companies and institutions, including the SWIFT system, has published a report on this issue and stated that the tokenised asset market could have a market value of $10 trillion in 2030.

The tokenised asset market could reach $10 trillion: Chainlink report

‘Oracle’ provider Chainlink has published an important report on tokenisation. In the report, it was estimated that the global tokenisation market could reach a value of $10 trillion in 2030. In Chainlink’s analysis, it was also written that the factors that will contribute most to this valuation will be corporate adaptation and developments in regulations.

Dominance in Ether…

While it was stated that the current total value of this market is around 120 billion dollars, it was informed that the dominance is in the Ethereum network with 58%. In other words, this proportion of tokenised assets is located on the Ethereum network.

In the report, it was commented that tokenisation technology will ensure that illiquid assets such as real estate and private equity will be liquid and can be opened to both financial institutions and individual investors with tokenisation.

Finally, BNY Mellon, one of the largest banks in the US, also organised a survey among institutional investors on this issue. 97% of institutional investors said they thought tokenisation technology would revolutionise investment management. Chainlink also included this survey in its report.

As it will be remembered, Chainlink had made very important trials last year, especially with SWIFT, especially with the inter-chain interoperability protocol, also known as CCIP. In this way, inter-chain asset transfers could also be made.

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