It took almost nine years for Bitcoin to hit $10,000 for the first time, and a little over 12 years to crack $50,000. McKinsey argues patience will be needed with tokenization, too. There’s been no shortage of excitement about how the tokenization of real-world assets can change the world as we know it. One report by 21.co, published last October, enthusiastically...
Participants of the Token2049 conference examined trends in consumer web3 applications, noting the growing role of meme coins. During the Emerging Trends in Consumer web3 Apps panel at Token2049 in Dubai, speakers discussed tokenizing user attention and the role of meme coins in this development. Imran Khan from AllianceDAO noted that a new direction is emerging in the blockchain industry today —attention tokenization,...
Barclays, HSBC, and Citi, among other U.K. financial institutions, are embarking on a joint venture to pilot tokenized deposits. A group of British banks, including Barclays and Citigroup, is working on a new pilot of tokenized deposits aimed at enhancing the tracking of banking payments. In a press release on Apr. 15, the British trade association UK Finance revealed that...
The Bank for International Settlements unveiled Project Agorá, an initiative to explore the potential of tokenization to enhance the efficiency of global financial systems. The Bank for International Settlements (BIS), representing 63 central banks worldwide, spearheads numerous projects focused on issuing national digital currencies and leveraging technology to improve market operations. Tokenization, converting real-world assets into digital...
