While the stablescoins supported by the US dollar continue to dominate the conversation, recent discussions with investors indicate an increasing concentration on the tokenization of real assets in the world (RWAS), including actions, bonds, bank deposits and real estate, Bank of America (bac) said in a report on Monday in a report.
According to Bofa, this change marks the start of a multi -year trip to transactions entirely based on the blockchain.
The transformation will require significant development of infrastructure but promises a new era of 24/7 access in global courts, instant settlement and improved liquidity, all supported by intelligent contracts which guarantee compliance, according to the report.
The tokenization of active active worlds on a blockchain implies bringing traditional assets such as real estate, bonds and products in the digital field. This process allows a split property, easier exchange and increased accessibility of these assets.
A notable example of this development is the recent launch of a real estate platform tokenized by the Dubai Land Department (DLD), said bank analysts.
This initiative, which aims to digitize up to 16 billion dollars in real estate by 2033, will also introduce fractional property, expanding access to a class of previously non -liquid assets, analysts noted.
Bank of America said that a recurring concern among investors was the potential disruption of the activity of Citi’s transaction services), which represents around 40% of the bank’s results as Blockchain technology wins the field.
Although the risk of disruption of traditional sources of income, such as net income from interest from deposits or costs, there is a possibility, there is an increasing conviction that investors can underestimate Citi’s expertise and adaptability in blockchain technology, said Bofa.
The push of tokenization signals an important step in the adoption of blockchain technology for real world applications, added the report.
Read more: Stablecoin’s offer to grow up to $ 75 billion after the adoption of Genius Act, says Bofa
