Survey: Large-scale Tokenization of Financial Assets May Still Take Three Years

ChainCatcher news, according to CoinDesk, a survey by the Official Monetary and Financial Institutions Forum (OMFIF) shows that most respondents believe tokenization will reach a substantial level within three years.

It is reported that OMFIF surveyed 26 institutions across Europe, Africa, Asia, and South America, including treasuries, banks, and asset management companies. 92% of respondents believe that financial markets will experience a considerable degree of tokenization at some point, although all indicated that this will take at least three more years.

The survey shows that 42% of respondents agree that blockchain will become the dominant form of financial market infrastructure. 65% of respondents believe that bonds are the most likely to be tokenized.