Bank of America: The trend of tokenization of real assets is accelerating

ChainCatcher news, according to CoinDesk, the latest research report from Bank of America indicates that the tokenization of real assets is gaining significant momentum. The report shows that investors are increasingly interested in the tokenization of real assets, including stocks, bonds, bank deposits, and real estate.

The Dubai Land Department has launched a tokenized real estate platform, aiming to digitize $16 billion in real estate assets by 2033 and introduce a fractional ownership mechanism. Bank of America analysts believe that this transition will require substantial infrastructure development but will offer advantages such as around-the-clock cross-border transactions, instant settlement, and enhanced liquidity.

The report also notes that while the development of blockchain technology may impact traditional banks' revenue sources, the adaptability of traditional financial institutions in the blockchain space may be underestimated.