Fintech: assets on the blockchain, the “tokenization” revolution underway, according to PWC

May 21 | Other, Sector views

PwC carried out a study on the contribution of tokenization in different sectors. The document presents concrete use cases of tokenization in the financial sector, in corporate finance and in the industrial and mass distribution sector as well as 4 related challenges of scaling up.

Tokenization, or digital representation of assets on the blockchain, allows traceability, immutability, uniqueness of transactions and permanent accessibility. It has extended to practical applications in the real economy of the financial and non-financial sector.

The document presents concrete use cases of tokenization:

  • The financial sector is gradually resorting to tokenization of assets such as bank deposits, financial securities, commodities for collateral settlement, multi-party trade financing, interbank cash settlements etc.
  • Corporate finance uses tokenization to make financial operations easier to manage
  • The industrial and mass distribution sector backs the digital asset to a physical object, thus serving as a certificate of digital ownership and making it possible to track it throughout its life cycle.

as well as 4 related challenges of scaling up:

  • Adaptation of regulations
  • The development of a secondary market
  • Strengthening interoperability
  • Promoting adoption

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