For some time now, the concepts of asset tokenization and digital tokens have been gaining much traction in the FinTech industry with the latter being used to represent various assets on a blockchain.
The bigger challenge here is not the implementation of blockchain and the adoption of digital tokens; there’s an ocean of companies willing to do that for the finance industry. The challenge is to help the financial industry smoothly abandon the current system, maybe not completely though. The challenge is to create a process through which they can easily adapt to it once they have adopted it.
Tokenization is real magic. It was impossible for small scale investors to invest in real estate few years ago but today, real estate investments are an option for everyone. That’s one revolution tokenization has brought about.
If they do, it would not only benefit them but also their customers. Lower fees and faster transactions. Who does not love these two. In addition, transparency is always welcome.