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Morgan Stanley: Could A Banking Crisis Drive Adoption?

Empire

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The Future of Tokenization

It's a fair to say that the tokenization like the new issuance of instruments, like bonds or whatever on chain, brings a lot of liquidity. So you got like two institutions that trade frequently versus each other, one issues a bond, one trades the bond, one settles. And then the whole process has got to be approved from regulators before I feel like all of the efficiencies they're leveraged. Like everything we've seen so far is super interesting. But all of it's largely currently developing abilities to be able to get to a future state which I don't think the path is necessarily super clear or immediately obvious.

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