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By Alexander Jones, International Banker
It has been a decidedly mixed 15 years for blockchain since bitcoin was created. While advances in innovation and crucial use cases are undoubtedly being pursued, the technology has faced storied challenges, particularly regarding its potential limitations when operating at scale. That said, there is now unadulterated excitement over the potential of asset tokenisation to transform global real-world and financial markets to such an extent that it has prompted Citigroup to call it blockchain’s “killer use-case”.
Asset tokenisation allows financial assets such as stocks, bonds and funds as well as real-world assets (RWAs) such as commodities, art, patents and real estate to be represented by digital tokens on a blockchain. These digital tokens confer ownership of and legal rights to an asset on the token holder. And because the blockchain itself is a public, immutable…
