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<ul class="news-points">
 <li>Wall Street advances in tokenizing assets but remains cautious about decentralized finance (DeFi).</li>
 <li>The tokenization market could reach $30 trillion by 2034, with a significant role for private credit.</li>
 <li>Major financial institutions and regulators explore asset tokenization, balancing innovation and regulation.</li>
</ul>
Wall Street is diving deeper into tokenization, transforming <a href="https://www.bloomberg.com/news/articles/2024-07-26/wall-street-blockchain-pioneers-are-torn-over-crypto-s-gray-zone?embedded-checkout=true" target="_blank" rel="noopener noreferrer nofollow">real-world assets into digital tokens</a> on the blockchain. But there’s a catch: should they venture into the “Wild West” of decentralized finance, with its promise of automated financial services and potential for high returns, is a regulatory gray area.
It is decentralized, opaque, and lacks the familiar oversight of traditional finance. Yet, despite the risks, the allure of tokenization is drawing mainstream financial players into this uncharted territory.
The core issue is whether <a href="https://coinedition.com/wall-street-giants-unveil-crypto-plans-to-boost-institutional-adoption/" rel="noopener noreferrer nofollow">Wall Street</a> should integrate with DeFi, which some view as a risky territory. Alternatively, institutions could develop private blockchains or cautiously use tokenized products on public platforms. Steven Hu, head of digital assets at Standard Chartered, emphasized the need for centralized oversight in tokenization…
The post <a href="https://coinedition.com/tokenizations-temptations-can-wall-street-tame-the-defi-frontier/" rel="noopener noreferrer nofollow">Tokenization’s Temptations: Can Wall Street Tame the DeFi Frontier?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Tokenization’s Temptations: Can Wall Street Tame the DeFi Frontier?

Coin Edition

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