WhiteSight

2023 Roundup: The Asset Tokenisation Boom in the Banking World

Table of Contents

Snazzy Tokens, Real-world Impact: Welcome to Asset Tokenisation! As 2023 dawned, we saw several buzzwords from the crypto universe do a Houdini – disappearing right before our eyes. Remember when we thought algorithmic stablecoins were the rocks of Gibraltar? Turns out, they were as stable as a house of cards in a breeze. And DeFi, hailed as the beacon of decentralisation, showed its centralised underbelly. But amidst these vanishing acts, 2023 has been a game-changer, spotlighting two trends that are not just catchphrases but are genuinely reshaping the financial landscape: Central Bank Digital Currencies (CBDCs) and Asset Tokenisation (AT).But what in the world is this whole asset tokenisation shindig, anyway?Asset tokenisation is the process of converting ownership rights to real-world assets into digital tokens on a blockchain. Picture transforming your go-to morning coffee spot’s loyalty points into snazzy digital tokens on a blockchain. Asset tokenisation is like that for real-world valuables. It’s the modern way of making everything digital and tradable—from art and real estate to stocks and sneakers. Each piece gets a unique digital ID, making ownership transparent and divisible. Want to invest in a high-end city apartment? No need to buy the whole thing—just grab a fraction of […]

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