The crypto investment giant, Pantera Capital, says that there is a “big migration on the chain” in progress while the tokenization goes from a concept to reality.
In a new newsletter, the general partner of Pantera, Franklin Bi, said: “The rise in tokenized assets today reflects the first days of ETF (funds negotiated in exchange).”
Said the investor,
“When the first ETF of American shares (SPY) was launched in 1993, it crossed $ 1 billion in AUM (assets under management) in a year. But the real inflection point was not its size. It was when the volumes of the ETF began to correspond constantly and finally exceeded the common investment fund flows. It was at this time that the structure of the market changed and that the behavior of investors quickly followed.
We believe that tokenization will reach a similar moment in a large transformation of the market structure and emitting behavior and investors. »»
Bi says that when one of the four things happens, the tilting point for tokenization has happened. These things include a volume of daily equity in chain exceeding $ 1 billion, AUM tokenized actions crossing $ 100 billion, a higher public company to see more liquidity in chain than its exchange of houses, and an Introduction list on the world’s worldwill bypass New York entirely and issuing shares directly in chain.
“When this happens, it will seem obvious with hindsight that the” ETF moment “of tokenization. The first adopters today are focused on the application of a better set of rails, but the biggest history is the structural change in the future of capital markets.
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