A new research report by ADDX and global consulting firm BCG in September 2022 examines the potential of asset tokenisation, which is the use of blockchain technology to represent the ownership of any asset, in order to make transactions more efficient.
The report forecasts that asset tokenization as a business opportunity will grow 50 times to US$16.1 trillion in 2030, which is also 10% of global GDP.
This growth comes amid the crypto winter, which the report says is prompting capital to focus on more viable blockchain use cases, such as asset tokenization.
Globally, the increased adoption of tokenized assets is expected in equities, real estate, bonds and funds, as well as less traditional assets such as car fleets and patents.
The report can also be found on the BCG website.