Tether CEO Paolo Ardoino and Blockstream chief Adam Back talked about BTC adoption and asset tokenization in a livestream.
The Bitcoin industry should favor the jurisdictions that favor it, Bitfinex chief technical officer Paolo Ardoino argued in a livestreamed conversation with Blockstream CEO Adam Back on Feb. 27. The executives were discussing Bitcoin and securities tokenization.
Securities tokenization may have a profound impact on the financial world, the speakers agreed. One impact may be rising user expectations. Banks use messaging and settlement technology that is often 40 years old. It presents challenges for speed and interoperability, Ardoino said. Meanwhile, tokenization “brings all the benefits of Bitcoin to everyone else.”
Tokenization will reduce costs, allowing small businesses to enter the market, Back said. Bitcoin (BTC) exchange-traded funds (ETFs) will improve tax reporting and inheritance planning. It could provide BTC access to a new audience and may lead to innovations like BTC mortgages, which could allow many people who have nontraditional employment to buy hos.
