Empowering Wealth Generation with Tokenized Real World Assets

Insights on Asset Tokenization’s Bullish Sentiment led by Top FIs and Web3 Innovators

CryptoJeter Readers Say….

For those seeking to understand Web3, Cryptojeter provides a simple yet insightful explanation of DeFi concepts, complete with crucial historical context. Whether an operator or observer, this resource is essential - Benhur, Investor

---

Despite the adversity felt in the crypto space and the economic downturn, the industry has stayed steadfast in a building state. 

The industry has seen a lot of partnerships take shape between web2 and web3 brands from consumer brands and financial institutions.

13 years into the cryptocurrency space, the use cases for blockchain technology have been explored for a wide range of use cases. Although financiers like Jamie Diamon have been critical of crypto, the demand for these types of assets has increased from retail and institutional investors. 

With increased demand, institutions are analyzing the viability of tokenizing assets. In the past month, we’ve seen major institutions like BlackRock and Citi project tokenized assets to be a growing part of the economy.

Financial Institutions Embrace Asset Tokenization

Inside the asset management firm’s annual investor letter, BlackRock CEO, Larry Fink expressed his frustration with the United States’ innovation in the blockchain space. 

As a manager of 8 trillion dollars of assets, Larry Fink has critiqued his industry’s lack of adoption of new technologies. Fink advocates that blockchain tokens can improve the cost and access for investors, shortening value chains, driving efficiencies in capital markets.

Driving outsized client value is the primary focus for BlackRock’s eagerness to enter into the blockchain space. 

Serving as a fiduciary to its clients, it’s BlackRock’s duty to fulfill their commitment to generating the best returns. If that is the case, BlackRock would then have to include Bitcoin, the best performing asset in the last 10 years, and other altcoins.