Banking Industry Embracing Tokenization of Assets

Thursday, 14 March 2024, 16:49

Regulators are allowing banks to digitize assets like bank deposits, U.S. Treasuries, and corporate debt. However, the preference is for institutions to utilize permissioned networks over decentralized blockchains to ensure security against cyber threats and hackers. This shift marks a significant change in how traditional banks handle assets and could pave the way for a new era of digital finance.

https://store.livarava.com/25d5db3c-e224-11ee-9671-5254a2021b2b.jpe — Banking Industry Embracing Tokenization of Assets

The Biggest Bank Heist in History Is Coming

Regulators are permitting banks to tokenize financial assets such as bank deposits, U.S. Treasuries, and corporate debt. But they want institutions to use permissioned networks rather than the decentralized blockchains that keep assets safe from hackers.

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The Biggest Bank Heist in History Is Coming

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