Tokenization Takeoff: Expansion Predicted for 2024 The
Tokenized Asset Coalition (TAC) is ringing in a bold prediction; tokenization is sky-rocketing, with all asset classes on board. 2024 could be a game-changer as we gear up to welcome a novel tokenized risk curve.
Stablecoins are stealing the spotlight, particularly U.S. dollar-based and centralized ones. Watch out for euro-pegged contenders and the dash of alternative stablecoins hitting the market.
U.S. Treasuries have exploded, soaring from $114M to a whopping $831M in just a year, thanks to the likes of Franklin Templeton and Ondo Finance.
Private credit isn't far behind, notching an impressive
89% growth. With $485 million in the kitty, this sector is blooming.
The digital bond bazaar is bustling, especially in Asia and Europe, marking a fresh era for bond issuance.
Despite the regulatory roller coaster, liquidity labyrinths, and infrastructural imponderables, the tokenization train chugs on! Jeremy Allaire, Circle's CEO, drops a hint - think Blackrock with a tokenized twist in 2024. All aboard?
