-Pacific Head of Tokenization at Deutsche Bank. This approach marks a shift in the traditional development process, as the bank is focusing on creating infrastructure that will enable widespread adoption of tokenized assets.
Tokenization, the process of converting real-world assets into digital tokens on a blockchain, has the potential to revolutionize the financial industry by increasing liquidity and accessibility to a wider range of investors. By standardizing protocols for smart contracts, Deutsche Bank aims to streamline the issuance and trading of tokenized assets, ultimately reducing costs and increasing efficiency.
The move towards tokenization is reflective of larger trends in the financial industry, as institutions seek to leverage blockchain technology to modernize existing systems. With the global market for tokenized assets projected to reach $24 trillion by 2027, according to Allied Market Research, Deutsche Bank’s forward-thinking approach positions it as a leader in this rapidly evolving landscape.
By working “backwards” to develop standardized protocols, Deutsche Bank is not only paving the way for the widespread adoption of tokenized assets but also setting a new standard for innovation in the financial industry.
