In its most recent report, published on January 4, analytics firm CoinMetrics identified growth areas for the cryptocurrency industry in 2023. One of the growth sectors mentioned was the tokenization of real-world assets.
Physical and traditional financial assets are represented as digital tokens on a blockchain in this process. The tokens can then be bought, sold, and traded in the same way that securities are.
Furthermore, for those who do not or cannot hold physical assets, this creates a more secure and efficient investment environment.