Explainer
Why banks are looking at real-world asset tokenisation
Key Points
- Banks spend millions of dollars managing transactions that take days to settle.
- Tokenising assets and using blockchains could bring down costs and speed up settlement.
- Major banks are running pilots and experiments.
Crypto usually dominates headlines as a speculative trading asset. Fortunes are won and lost in these oft-unregulated and volatile markets.
But the underlying blockchain technology has piqued the interest of banks and other financial institutions.
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