Read our full analysis for a more in-depth look at these trends.
Beyond Crypto: Tokenization
The tokenization of traditional assets may reshape infrastructures and public and private markets over the next 5 to 15 years.
- Today's financial systems continue to be built on centralized (company-owned) and fragmented infrastructure that requires third-party intermediaries. But distributed ledger technology (DLT) and blockchain technology (BCT) applications like tokenization can help facilitate the transformation of this legacy infrastructure.
- In fact, BofA Global Research expects the tokenization of traditional assets to reshape financial and non-financial infrastructure and public and private financial markets over the next 5 to 15 years. Corporates are leveraging this technology in ways such as reducing credit risk, optimizing supply chains and increasing data transparency.
- But challenges and risks remain. Regulatory and legal risks, in addition to lack of global coordination, may slow the adoption of tokenized assets.
When seeing is no longer believing: The dangers of deepfakes
As the threats from deepfakes escalate, there are proactive steps organizations can take to protect their businesses.