RIGHT PLACE RIGHT TIME
Why Now?
BlackRock CEO Larry Fink said that tokenization will be "the next generation" for markets.(Forbes)
According to Vanguard, there is no centralized exchange for bonds.
BlackRock, Goldman Sachs, JPMorgan Chase, Franklin Templeton, the Singapore Central Bank and others have launched or undertaken pilot or tokenization projects in 2024.
While this is excellent news to the proposed Bond Ecosystem, we need to consider two aspects:
- The proposed BondCoin project seeks to revolutionize the fixed income / bond market, the largest market in the world at $141 trillion, according to SIFMA; whereas most current efforts are directed towards tokenization of funds.
- Mere tokenization of a few isolated funds, mostly their own, is only one cog in the entire gamut of the mega ecosystem.
However, they have paved the way for us.
This project seems to be in the right place at the right time!