Tokenization could be a multi-trillion market opportunity, according to the world's largest management consulting firm.
Tokenized United States treasuries could reach $3 billion by the end of 2024, showcasing the benefits of financial asset tokenization and its widespread adoption.
Tokenized treasuries would need to grow nearly two-fold to reach the $3 billion mark by the end of this year.
Reaching the $3 billion mark is possible due to the growing trend of decentralized autonomous organizations (DAOs) increasingly diversifying their holding into tokenized US treasuries, according to Tom Wan, a research strategist at 21.co.
