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The advantages of tokenization are easy, the method brings operational efficiencies and improved liquidity and accessibility, Bernstein mentioned in a analysis report on Tuesday. Tokenization is the method by which real-world belongings are transformed into blockchain-based tokens. Bernstein estimates that the scale of the tokenization alternative might be as a lot as $5 trillion over the subsequent 5 years, led by stablecoins and central financial institution digital currencies (CBDC), personal market funds, securities and actual property. Foreign money tokenization, through stablecoins and central financial institution digital currencies, will see utility in on-chain deposits and funds, the report mentioned, with about 2% of worldwide cash provide to be tokenized over the subsequent 5 years, which is about $3 trillion, the report added.
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