Base

<div class="cryptonews">
 <p class="is-style-lead">Coinbase has presented a report on the role of <a rel="noopener noreferrer nofollow" title="tokenization" href="https://thebittimes.com/tag/tokenization.html">tokenization</a> in the new <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cycle.</p>
 <p>Experts believe that in the next few years, tokenization will become an integral part of the market and will be used by many financial players. According to Coinbase analysts, in 2017, tokenization meant the creation of digital assets representing ownership of real estate, goods and art on the blockchain. Over time, the scope of tokenization has expanded to government bonds and funds.</p>
 <p>Coinbase adds that this area also faces a number of infrastructure and legal problems. Most institutions rely on private blockchains due to concerns about smart contract exploits, oracle manipulation and network outages. However, in the future, this could make it more difficult to interact and realize the full benefits of <a rel="noopener noreferrer nofollow" title="tokenization" href="https://thebittimes.com/tag/tokenization.html">tokenization</a>, experts said.</p>
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   <img decoding="async" width="550" height="354" src="https://cdn.thebittimes.com/images/2023/10/31/f95b3ff53ffd772f007b0b43dfb489bc.webp" alt="Coinbase sees tokenization as important part of crypto market in next 2 years - 1"> 
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   Source: Coinbase
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 <p>Experts reported that over the past year, the direction of development of real asset (RWA) tokenization has shifted from private lending protocols to US Treasury bonds.</p>
 <p>Coinbase says that over the past six <a rel="noopener noreferrer nofollow" title="years" href="https://thebittimes.com/tag/years.html">years</a>, many misconceptions about <a rel="noopener noreferrer nofollow" title="tokenization" href="https://thebittimes.com/tag/tokenization.html">tokenization</a> have been dispelled. According to experts, even leaders of large organizations are much more aware of its benefits, including the ability to work around the clock, automate brokerage functions, and maintain transparent auditing and compliance records. Analysts additionally suggested that by 2030, the RWA <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> capitalization could reach between $5-to-$16 trillion.</p>
 <p>Earlier this month, the&nbsp;first tokenized security of the protocol was launched on Coinbase’s scalability layer Base. Backed.fi&nbsp;announced&nbsp;today that it has issued the first tokenized security on Base – bIB01, a tokenized short-term US treasury bond ETF.&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-sees-tokenization-as-important-part-of-crypto-market-in-next-2-years-tbt68553.html">https://thebittimes.com/coinbase-sees-tokenization-as-important-part-of-crypto-market-in-next-2-years-tbt68553.html</a></p>

Coinbase sees tokenization as important part of crypto market in next 2 years

TheBitTimes

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