Cryptocurrencies
Tokenization Has Become Wall Street’s Latest Favorite Crypto Buzzword
- ‘It may even be bigger than the internet,’ proponent says
- BlackRock, Trump’s election win have re-energized efforts
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Bitcoin’s record-breaking rally is rekindling hope that the digital-ledger technology that underpins cryptocurrencies will revolutionize everything from recording the ownership of houses to bonds.
Tokenization, or the process of creating digital representations of real-world assets on a blockchain, has become one of this year’s buzzwords in both conventional and crypto finance circles. The excitement is reminiscent of the hype of a few years ago surrounding the use of blockchains for everything from tracking lettuce at Walmart Inc. to digitizing stocks that proved to be premature.