Wall Street Wants Tokenization Due to Efficiency and Prompt Settlements - Tekedia

Wall Street firms are increasingly backing blockchain-based tokenization of financial assets.

The goal is faster settlement, lower costs, 24/7 trading, and fractional ownership of stocks and other assets.

BlackRock, JPMorgan Chase, and Franklin Templeton are among the firms testing or exploring tokenized products.

Major hurdles remain, including regulation, market infrastructure, and technical integration with existing systems.