“Only 0.71% of the World’s Population are Involved in Blockchain Technology,” – Oleg Kurchenko at Synopsis 2021
Founder and CEO of Binaryx Oleg Kurchenko explained the future of asset tokenization at Synopsis Summitt 2021. Oleg is a big believer in the significant impact of asset tokenization on the economy, but there are numerous obstacles on its way to mass adoption.
The main takeaways from his speech:
- The tokenization of real assets can unlock tens of trillions of illiquid dollars, providing businesses and private investors with never-before-seen opportunities.
- A low level of awareness and low Internet penetration hampers asset tokenization mass adoption. In January 2021, only 59.5% of the world’s population was connected to the Internet. Moreover, the largest digital divide is observed in the regions whose businesses can benefit most from the tokenization of their assets.
- Absence of transparent regulation of tokenized assets on the blockchain yet.
- Lack of platforms offering a full-cycle of asset tokenization: from business audit to token issuance and then listing on the exchange and trading.
The main benefit of asset tokenization is to provide businesses with access to greater liquidity. This is exactly what Binaryx offers for its customers: a multi-functional platform that allows to issue asset-backed tokens and instantly list them on the exchange.