Saylor Says Tokenization Will Create Free Markets for Credit, Yield

Michael Saylor, founder of Strategy, said tokenization technology could fundamentally reshape the structure of financial markets and reduce the role of traditional financial institutions.

Saylor told CNBC on May 21 that the core value of tokenization lies in creating a free market for credit creation and yield generation for asset owners.

“If a wide range of securities can be tokenized, investors will seek out the best credit terms and the highest yields on their own,” he said.

That could change how credit and yield are priced across asset markets.

Saylor added that such a shift could threaten traditional banks and securities brokers.

The global financial industry has recently been moving to expand the market for tokenized real-world assets, or RWAs, including bonds, funds and real estate.

Markets are focused on how tokenization could reshape financial intermediation and the way assets are distributed.