Crypto Blog
According to a recent Coinbase research, the tokenization of financial assets has been steadily gaining momentum since 2017, bringing the evolution of digital financial assets, including sovereign bonds, money market funds, and repurchase agreements.
Coinbase has identified a substantial shift in opportunity costs, increasing from approximately 1.0-1.5% in 2017 to the current nominal interest rates above 5.0%. This shift emphasizes the capital efficiency of instantaneous settlement compared to the traditional T+2 settlement cycle, particularly for financial institutions.
Coinbase predicts that this trend will continue to accelerate over the next 1-2 years, potentially becoming a substantial part of the upcoming crypto market cycle. However, the complete implementation of this concept may require an additional 1-2 years due to the complexities associated with integrating it into existing real-world systems.Coinbase highlighted estimates about the size of tokenization opportunities. For instance, a Citigroup prediction caps the opportunity at a $5 trillion market.
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