Canton Network: DeFi for Institutions
Tokenized
Tokenization: The Holy Grail of Blockchain Potential
The cryptocurrency landscape has evolved significantly, with the emergence of around 25,000 coins. Bitcoin is recognized as a unique asset with properties such as decentralized censorship resistance and store of value. Other assets, including memecoins and Litecoin, primarily serve similar roles. Ethereum pioneered smart contracts, establishing a framework for creating new asset classes through decentralized applications. However, much of the current crypto activity remains confined to crypto-to-crypto transactions, mainly within decentralized finance (DeFi). The true opportunity lies in applying blockchain technology to traditional finance products, facilitating efficiencies in various asset classes like real estate and private equity. This focus on the tokenization of real-world assets is becoming increasingly central to the industry's evolution, representing a significant potential market surpassing $100 trillion. Realizing this potential marks a pivotal shift toward integrating cryptocurrencies into broader financial ecosystems.
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