Insurance, agriculture, real estate: How asset tokenization is reshaping the status quo
” Stephan Rind, from BrickMark Group, kept in mind that asset tokenization can provide access to financial items that are presently unavailable to most people, hence helping to close a space in wealth circulation. “It will create billions of people in the world who have a wallet,” he said, including that regulation will likewise open more capital into possession tokenization.
The Boston Consulting Group approximates that tokenizing real-world assets might end up being a $16 trillion market in the coming years. Its impact, however, goes well beyond monetary figures and can assist individuals in developing countries find new ways to deal with real-world problems.During a panel moderated by Cointelegraphs editor-in-chief, Kristina Lucrezia Cornèr, at the Swiss Web3 Fest, industry specialists provided insights into how tokenization can be used to real-world properties and how it enables services never seen prior to. “Our farmers in Kenya receive their payments days after the collecting season ends. If they have less yield than anticipated, then they get a payment instantly. In the traditional insurance coverage area, they need to wait six months. Which can imply completion of a households service,” explained Christoph Mussenbrock from decentralized insurance coverage procedure Etherisc about tokenization options for agricultural production. Meet our speakers for the “Real World Assets” panel:@KristinaLCorner – CointelegraphJose Fernandez -@TheTokengate @liesdorn -@etherisc @CFernandezMazzi – #FinkaStephan Rind – BRICKMARKFIVE Zurichhttps://t.co/F0jSQL2uvl@CryptoOasisUAE @dfinity pic.twitter.com/jbZaSKg5pZ— WEB3FEST (@web3fest_int) September 16, 2023
” Stephan Rind, from BrickMark Group, kept in mind that possession tokenization can provide access to financial products that are presently not available to a lot of individuals, hence assisting to close a space in wealth circulation. Its the tokenization of value production. “It will create billions of individuals in the world who have a wallet,” he said, including that guideline will likewise open more capital into asset tokenization.
Its effect, however, goes well beyond monetary figures and can assist individuals in establishing countries find new methods to deal with real-world problems.During a panel moderated by Cointelegraphs editor-in-chief, Kristina Lucrezia Cornèr, at the Swiss Web3 Fest, market experts supplied insights into how tokenization can be used to real-world assets and how it enables solutions never seen prior to. And that can imply the end of a households company,” discussed Christoph Mussenbrock from decentralized insurance coverage procedure Etherisc about tokenization options for agricultural production. Meet our speakers for the “Real World Assets” panel:@KristinaLCorner – CointelegraphJose Fernandez -@TheTokengate @liesdorn -@etherisc @CFernandezMazzi – #FinkaStephan Rind – BRICKMARKFIVE Zurichhttps://t.co/F0jSQL2uvl@CryptoOasisUAE @dfinity pic.twitter.com/jbZaSKg5pZ— WEB3FEST (@web3fest_int) September 16, 2023