Summary
- Oliver Harris said asset tokenization is not a fix-all solution to liquidity problems.
- He said the real transformation will come not from individual asset tokenization but from rebuilding the systems that support it.
- Harris added that technology and regulation have matured enough for major banks to expand investment in blockchain infrastructure.
Forecast Trend Report by Period
Asset tokenization is not a catch-all solution to liquidity problems in financial markets, though it could still help reshape financial infrastructure.
CoinDesk reported on April 29 that Oliver Harris, the new head of JPMorgan’s Kinexys, said asset tokenization is not a “silver bullet” for liquidity challenges.
The real transformation will come not from tokenizing individual assets, but from rebuilding the systems that support them, he said.
Harris also said crypto technology is ready to replace legacy financial back-end systems.
Technology and regulation have matured enough for large banks to increase investment in blockchain infrastructure, he added.
Markets are focusing on tokenization’s potential to drive long-term changes in the financial system rather than improve short-term liquidity. Regulatory changes and infrastructure development are likely to be key variables going forward.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
