Tokenization will change US transaction flows; less likely to remove intermediaries
Over the next few years, asset tokenization and digital money use cases will likely extend into more corners of the financial infrastructure but are unlikely to fully replace key activities provided by incumbent institutions.
➤ Tokenization and digital money are expected to integrate further into US financial infrastructure but are unlikely to fully replace intermediaries. ➤ The article explores three scenarios for tokenization growth: steady, low, and rapid, each with different implications for control, settlement, and customer relationships. ➤ Stablecoins, tokenized deposits, and tokenized treasury funds are identified as key on-chain settlement instruments, with the 'steady growth' scenario being the most probable.