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Managing Director of Galaxy: The tokenization market is currently illiquid and is predicted to flourish in the future
2023-09-14 07:06
Odaily News Galaxy Managing Director Chris Rhine said at the Singapore Token2049 Institutionalization of Digital Assets themed roundtable session: In more developed regions, the traditional financial sector will not only seek efficiency. It may start with the least liquid asset classes. Because You don’t move a liquid asset class into an illiquid market space, and currently tokenized market spaces are illiquid because there really aren’t many transactions in the market; but tokenizing a very illiquid asset is not Harmful, because youre not sacrificing liquidity. As we continue to build and develop the market, I think the traditional financial world will see that there is a simplification process, there is an increase in efficiency, there is a growing market that provides 24/7 functionality. So it’s going to take time. There have been some predictions about the size of the tokenization market. It’s probably going to be a technology adoption curve that slowly progresses and then all of a sudden starts to boom.”