FMIs and BCG Unveil Blueprint for Digital Asset Ecosystem Development

Three well-known financial market infrastructures (FMIs) – DTCC,
Clearstream, and Euroclear – along with Boston Consulting Group (BCG), have
revealed a blueprint aimed at establishing an industry-wide digital asset
ecosystem to foster the acceptance of tokenized assets.

Projected to reach a $16 trillion business opportunity by
2030, the tokenization of global illiquid assets has garnered significant
attention. However, institutional adoption has faced challenges due to
fragmented innovation and small-scale initiatives lacking broader ecosystem
development.

The jointly released paper, titled “Building the
Digital Asset Ecosystem,” endeavours to redirect industry focus by
outlining six principles intended to facilitate successful adoption of
tokenization
Tokenization

Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen

Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen
Read this Term and digital asset securities, excluding cryptocurrencies.