More tokens – These participants in the World Economic Forum on January 17 believe that the blockchain will play an increasing role in the economy. In turn, real-world resources could have their digital twin through decentralized technologies.
Cryptocurrencies and tokenization: the winning combination
The personalities who attended the event entitled ” Tokenized economies, coming to life » so suggested a gradual tokenization of the economy.
The speaker list included the CEO of Circle, Jeremy Allairemanaging director of Capital of Bitkub, Jirayut Topp Sprupsrisopathe Finnish Minister of Transport and Communications, Timo Harrakas well as co-founder of Guild games performance, Beryl Li.
Thailand at the forefront of this digitization of the economy
Among the ongoing projects contributing to this gradual tokenization of the economy, Jirayut Topp Spupsrisopa spoke about the prospects for Thailand’s central bank. He wants to launch a state digital currency for the wholesale market during this first quarter.
The Government of Thailand and the Monetary Authority of Singapore are currently collaborating on the management of transactions between the two countries, with this digital Thai baht.
Jirayut Topp also talked about a new “investment token” license being developed in Thailand. This regulatory clearance, which is different from the current crypto licensing in the country, should allow investors to do so tokenize different types of resourcessuch as government bonds, units of electricity or currencies.
Blockchain could therefore transform different facets of the economy during this decade. This panel of speakers at the World Economic Forum is not alone in expressing such perspectives. BlackRock believes it tokenization will revolutionize finance.
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