Citibank bullish on Tokenization

Financial giant Citibank has said that trillions of dollars worth of assets could be tokenized by 2030. Tokenization refers to the process of turning physical assets such as real estate and art into digital tokens on a blockchain.

Tokenization would enable assets to be traded more easily, increase liquidity, and open up investment opportunities. According to Citibank, tokenization could significantly reduce the costs and time associated with traditional asset trading, making it an attractive option for investors. The bank also said that tokenization could create new markets and increase transparency in asset trading. Citibank's report comes as more financial institutions explore blockchain technology and its potential to transform traditional finance.

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