According to expert estimates by Artemic Terminal, the growth is due to several events, among them the tokenization of Antonio Stradivari's violin and the sale of 10% of shares in Watford FC football club in digital format.
In addition, a meeting of the Financial Services Committee of the U.S. House of Representatives had a positive effect on the RWA sector, where issues of tokenization of real assets as drivers of the growth of the digital economy were considered. The hearings also discussed the need to develop additional rules to support the tokenization of assets and derivative financial instruments.
According to Larry Fink, CEO of BlackRock, asset tokenization has significant potential, as it increases the flexibility of investment strategies by quickly executing transactions with bonds and shares of companies.
A similar point of view is shared by Jenny Johnson, President and CEO of Franklin Templeton. According to her, tokenization of assets makes it possible to reduce the minimum investment amounts and operating costs, making professional asset management more accessible to novice investors.
Previously a Watcher columnist.Guru reported that the market capitalization of BTC exceeded the combined market value of the shares of the three largest banks in the world: JPMorgan Chase, Bank of America and the Industrial and Commercial Bank of China.