VanEck executive: It is expected that financial institutions will tokenize $25 billion of off-chain assets in 2023

ChainCatcher news, VanEck's Head of Digital Asset Research Matthew Sigel recently stated that financial institutions are expected to tokenize over $25 billion of off-chain assets onto the blockchain next year to simplify custody and settlement while reducing costs for clients.

According to data from ETF.com, VanEck has a total of approximately $52 billion in assets across 68 ETFs traded in the U.S., three of which provide exposure to crypto assets. (source link)