On December 27th, according to Bloomberg, as the price of Bitcoin reaches a new historical high, asset tokenization has once again become a hot topic in both traditional finance and cryptocurrency fields. This technology, which digitizes physical assets and records them on the blockchain, is favored by Wall Street institutions including BlackRock. Industry insiders believe that its potential may exceed that of the internet.
This wave of asset tokenization is driven by factors such as the Bitcoin bull market and Trump’s election victory, and is different from the attempts of blockchain technology in scenarios such as Walmart’s supply chain tracking a few years ago. This wave of enthusiasm focuses more on the digitization of financial assets such as real estate and bonds.