Opinion by: Sebastián Serrano, founder and CEO of Ripio.
For much of the past decade, the crypto industry has tried to tokenize niche assets, in an attempt to reinvent finance. While creative, this approach has largely missed the core economic truth about where tokenization actually creates value.
In these early stages of blockchain adoption, tokenization works best not at the fringes of the economy, but at its center. The industry’s first instinct — to tokenize illiquid assets — was a miscalculation. The most successful tokenization effort involved the most liquid asset in the world (the US dollar) in the form of USD-backed stablecoins.
Today, companies are piloting tokenized versions of other highly liquid assets like Treasury…
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Source cointelegraph.com
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