The crypto industry is refocusing on the uses of its tech stack, says Stellar Development Foundation CEO
The Scoop
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Evolution of Asset Tokenization and Financial Inclusion
The priority in the crypto space has shifted towards tokenizing real-world assets such as bonds and funds on blockchain, aiming for seamless value exchange globally. Initially, stable coins were focused on to ensure consistency in transactions. Tokenized assets backed by trustworthy assets like bank deposits are seen as crucial for easier financial service usage. This evolution not only benefits consumers and businesses but also financial institutions aiming for accuracy, security, and efficiency through blockchain. Tokenization facilitates financial inclusion by enabling access to individuals without traditional banking services, ultimately fulfilling the original objective of the technology.
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