According to Ventricelli, large companies looking to implement asset tokenization are increasingly interested in public blockchains like Polygon, Stellar, and Provenance, as well as private blockchains like Hyperledger and R3. These public blockchains offer transparency, allowing investors to verify whether bond issuers are fulfilling their contractual obligations.
Companies are recognizing the potential of tokenization to enhance the liquidity of various investment vehicles, including real estate, venture capital, and private equity. Debt instruments, such as private credit, particularly benefit from increased transparency, Ventricelli emphasized.
“Interoperability between different blockchains is crucial for the widespread adoption of tokenization. Assets should be easily transferable across different blockchains,” stated a high-ranking manager at Moody’s Ratings.
It is worth noting that recently, Noel Quinn, the CEO of major bank HSBC, praised asset tokenization as a profitable trading mechanism that surpasses traditional trading methods.