Institutional investors, asset managers and banks are racing to bring financial assets on-chain in a market that is estimated to grow to $16 trillion in value.
Traditional finance (TradFi) firms have warmed up to the idea of tokenizing financial assets on public blockchains as the race toward blockchain-based tokenization heats up.
According to RippleX senior vice president Markus Infanger, TradFi players are finally bringing financial assets on-chain as they look to deploy for production and solve pain points in various value chains.
Speaking exclusively to Cointelegraph during Paris Blockchain Week, Infanger said that TradFi use of blockchain is finally becoming tangible.