While stables supported by the US dollar (Rwas)including stocks, bonds, bank deposits, and real estate, Bank of America (BAC) said in a report Monday.
According to the Bofa, this change marked the beginning of a multi-year trip to full blockchain-based transactions.
The change will require significant infrastructure development but promises a new period of 24/7 access to the entire worldwide area, instant regulating, and improved liquidity, all are supported by intelligent contracts to ensure compliance, the report said.
Tokenization of real-world assets In a blockchain involves bringing traditional properties such as real estate, bonds, and goods to the digital kingdom. This process provides for fractional ownership, easier trade, and increasing access to these properties.
A well -known example of this evolution is the recent launch of a tokenized real estate platform of Department of Land of Dubai (Dld)said bank analysts.
This initiative, aimed at damitizing up to $ 16 billion in real estate by 2033, will also introduce fractional ownership, expanding access to a previously unknown asset class, mentioned by analysts.
Bank of America said that a repeat -remembrance of investors is the potential disruption to Citi (C) The business of transaction services, which costs about 40% of the bottom line of the bank, as blockchain technology is getting traction.
While the risk of interrupting traditional income streams, such as net interest income from deposits or fees, remains possibilities, there is a growing belief that investors can underestimate Citi’s expertise and flexibility in blockchain technology, Bofa said.
Pushing for tokenization indicates a significant milestone in the adoption of blockchain technology for real-world applications, the report added.
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