Tokenization of Private Assets – Unlock New Possibilities with Bitcoin

• The crypto space has been experiencing a bull run, causing many big financial players to invest in digital tokens.
• A new report suggests that up to $300 trillion in private assets could be digitized in the future through tokenization.
• After the bearish conditions of 2022, bitcoin recently reached a nine-month high of around $28,000 per unit.

Crypto Space Experiencing Bullish Run

The crypto space has experienced an increase in activity and investment lately, with big financial players such as Fidelity and BlackRock investing more heavily into digital tokens. This is causing a bull run which is getting many people excited about the potential for tokenization of assets beyond just Bitcoin and Ethereum.

$300 Trillion Could be Digitized

A new report from crypto infrastructure provider Taurus suggests that up to $300 trillion in private assets could be digitized in the near future due to tokenization. Tokenization opens worlds not imagined yet for private asset management and can have a similar impact on industries as the internet and e-commerce did over the past two decades.

Bitcoin Reaching Nine Month Highs

2022 was an incredibly difficult year for cryptocurrency, with Bitcoin losing more than 70% of its value throughout it’s bearish conditions leading to an overall loss of $2 trillion across all cryptos. However 2023 has seen a dramatic turn around with Bitcoin reaching nine month highs at around $28,000 per unit. This has caused much excitement within the space despite recent negative news surrounding Binance.

Industry Leaders Views

Jacques Iffland – partner at Lenz & Staehelin and chair of the Capital Markets and Technology Association (CMTA) – explained how tokenization opens doors to possibilities that were not imaginable before now: “Tokenization opens the door to a broad universe of new possibilities, which the financial industry is only starting to comprehend and embrace” Morgan McKenney – chief executive of the Provenance Blockchain Foundation – also commented on how this can benefit liquidity options: “Private funds are very restricted in terms of liquidity options, and by natively issuing shares on-chain these restrictions can be removed”

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