Moody's: Public blockchains such as Ethereum will become more connected to traditional infrastructure over time
Moody's believes that over time, public blockchain networks such as Ethereum will become more interconnected with traditional infrastructure, which will enhance the use cases of blockchain and promote industry growth. Asset tokenization converts assets such as funds, real estate, or art into digital tokens, enabling storage and transfer using DLT. Progress has been made in the past year, with the total value of real-world assets tokenized on public blockchains increasing from $1 billion to $2 billion in the past 12 months, with Ethereum currently hosting the vast majority of them. One factor hindering the adoption of tokenization is the lack of reliable digital cash, which leads market participants to settle transactions off-chain or use stablecoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Liminal Custody insists Rs 2000 crore hack was from WazirX’s end
WazirX and Liminal Custody have engaged in a bitter blame game as lakhs of users are awaiting their funds recovery, the prospects of which are fading day by day.
Starknet will hold its first mainnet governance vote via Snapshot X on September 10
Snapshot X is officially released, enabling zero-gas on-chain voting through Starknet