citianalysts, worldwide tokenization and CBDCHe believes that blockchain technology will see trillions in value, pointing to the rise of .
According to the report by the researchers of the investment bank, while the adoption of blockchain technology is slow, the technology is approaching an important milestone.
Blockchain Technology Promising Future
“Almost anything of value can be tokenized,” Citi said in its March report. The bank estimates that up to $4 trillion of tokenized digital securities and up to $5 trillion of central bank digital currency (CBDC) could be in circulation in the world’s major economies, half of which could be linked to distributed ledger technology.
citiGPS’s executive editor Kathleen Boylesaid that although the potential for tokenization through blockchain technology has been touted for some time, it is not yet at the point of mass adoption.
Like thisHe said that although innovation takes time, it is approaching an important milestone and that the promised potential of blockchain could soon be realized.
Like this stated that they think mass adoption will take between six and eight years. He also underlined that the interest of governments, large institutions and companies in the sector had a positive effect on adoption.
Recently BlackRockLarry Fink from Turkey made similar statements. FinkIn his annual letter to shareholders, he highlighted the potential of blockchain technology and the exciting applications it has.
