We're on the cusp of a financial revolution, the likes of which we haven't seen since the invention of the telegraph. But don't take my word for it.
Here are 3 quotes from people and institutions much smarter than me.
"If even a small portion of the quadrillions of dollars in value flowing through the Swift network & its over 11k member banks makes its way onto blockchains, the entire blockchain industry could grow multiple times larger quickly"
That's Sergey Nazarov, founder of Chainlink, referring to Swift, a global financial messaging network used by banks from around the world.
Chainlink is one of the leading infrastructure providers for tokenized real-world assets. Their oracle networks provide blockchains with off-chain data which is vital for tokenization. Without verifiable proof of off-chain information, RWA's cannot become credible enough to achieve exit velocity.
If you're wanting to stay ahead of tokenization developments, I highly recommend you watch Chainlink because they are actively working with Swift.
"I actually believe this technology is going to be very important…I believe the next generation for markets, the next generation for securities, will be tokenization of securities"
That's Larry Fink, CEO & Chairman of Blackrock, the global asset manager.
Larry's been in the news recently with his bullish comments on Bitcoin which sparked the renewed interest in spot bitcoin ETF approvals. What's especially interesting about this quote is that he said this in November of 2022, when the market was suffering some of the worst drawdowns and negative sentiment. Like all savvy investors, Larry is preparing for the coming paradigm shift of tokenization.
Is it a safe bet to assume that Blackrock is preparing for tokenization? (yes)
"The end goal is to deliver financial services to customers faster, cheaper and with better outcomes than exist today. Over time we expect all financial assets to eventually move onto the blockchain infrastructure"
That's Jonathan Steinberg, CEO of WisdomTree asset management.
Blockchain rails are better technology than today's financial infrastructure. Banks run on legacy tech, such as file-based transfer systems and mainframe computers (yes, mainframes are still a thing). If you can send information in real-time over social networks, why can't you do the same for money?
That's why Jonathan is bullish on assets moving on-chain.