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The tokenization of everything

Some industry observers say that one of the big trends for 2024 will be tokenization. From new types of yield-bearing stablecoins to the tokenization of real-world assets (RWAs), the sector has the potential for massive growth.

Anything that can be on-chain will be on-chain in 2024, and on-chain fiat will provide just one example of this larger trend, according to Sveinn Valfells, co-founder and CEO of Monerium.

Related:Key industry figures predict the future of DeFi in 2024.

“There’s growing recognition of the indispensable role fiat currencies play in the trading and integration of traditional assets onto blockchains,” Valfells said .

“That’s why a fully authorized and regulated subset of stablecoins, on-chain fiat, is expected to gain momentum in 2024 and beyond.

This is driven to a large extent by the excitement revolving [RWAs] and their potential to revolutionize the sector and also by on-chain P2P payments.

To capitalize on this trend, there will be more appetite for solutions allowing seamless integration with traditional payment systems, which makes it directly transferable between off-chain bank accounts and Web3.”

Valfells predicts a future in which “bonds, stocks and treasuries seamlessly integrate onto blockchains,” with 2024 proving to be an important stepping stone on that journey.

Valfells is not the only voice predicting big things for tokenization. Keyrock co-founder and CEO Kevin de Patoul also has his eyes on the sector.

Related:Tokenization will power DeFi

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