If Robert Greifeld, the former NASDAQ CEO and chairman, is correct then by 2022, all Wall Street financial instruments as bonds, real estate and equities will be tokenized.
“100% of the stocks and bonds trading on Wall Street today COULD be tokenized, and in five years, 100% of the stocks and bonds on Wall Street WILL be tokenized” – Robert Greifeld (Former Chairman & CEO of @Nasdaq)
— 1Konto (@1_Konto) January 30, 2019
This will be massive for the crypto market and more so for token platforms as Ethereum, Tron and EOS. The only question is, will these platforms handle influx of demand from traditional Wall Street companies who often time demand quality, regulation and above all top line security? Just to put it in perspective, equities, bonds and real estate are worth an estimated $508 trillion. That’s several factors over and above the total cryptocurrency market cap hovering at around $113 billion at the time of writing.
Tokenizing $508 Trillion of Value
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