According to a recent Bank of America research report, the tokenization of real-world assets is gaining significant momentum. The report shows that investors are showing increasing interest in tokenizing real-world assets, including stocks, bonds, bank deposits, and real estate.

The Dubai Land Department has launched a tokenized real estate platform, aiming to digitize $16 billion in real estate assets by 2033 and introduce a fractional ownership mechanism. Bank of America analysts believe this shift will require significant infrastructure development but will enable 24/7 cross-border transactions, instant settlement, and increased liquidity.

The report also points out that although the development of blockchain technology may affect the income sources of traditional banks, the adaptability of traditional financial institutions in the blockchain field may be underestimated. (CoinDesk)