Citi Analyst: CBDC and Tokenization Will Drive Mass Adoption of Cryptocurrencies
30/03/2023 21:29
The next influx of crypto adoption will be driven largely by central The rise and tokenization of bank digital currencies (CBDCs) is driving real-world assets. Meanwhile, Ronit Ghose, the bank's future head of finance, said that in ten years' time, the economic circulation in CBDC will reach $5 trillion, most of which will not be blockchain-based, but some of which will have blockchain interoperability specific or specific to distributed ledger technologies. Citi estimates that tokenization could grow 80-fold in the private market, reaching a value of nearly $4 trillion by 2030.