According to ChainCatcher, citing Coindesk, a new report by Ripple and Boston Consulting Group (BCG) predicts that the global asset tokenization market could reach $18.9 trillion by 2033, with a compound annual growth rate of 53%.
Tokenization is the process of converting real-world assets such as bonds and real estate into digital assets through blockchain, which can improve transaction efficiency and reduce costs. Currently, financial giants like JPMorgan and BlackRock have already launched pilot projects in this area.
The report points out that the driving forces for tokenization come from areas such as government bonds, private credit, and carbon markets, while also facing challenges like infrastructure fragmentation and unclear regulations. Nevertheless, technology and market infrastructure are gradually improving, with countries like Switzerland, the EU, and Singapore having established clear rules.
Ripple and BCG believe that tokenization could unlock trillions of dollars in value and promote the realization of 24/7 markets.
