Analysis Report on Asset Tokenization 'TokenShift' Published

Wisdom House published a new book titled 'TokenShift' on the 7th, analyzing asset tokenization and stablecoins. The book emphasizes that Wall Street is utilizing asset tokenization as a means to develop new financial products and restructure trading infrastructure. Asset tokenization is a movement to express rights to existing assets as tokens on the blockchain, aiming to change the processes of holding, transferring, and trading financial assets. It introduces examples such as BlackRock's tokenization fund BUIDL and JP Morgan's blockchain infrastructure, Kinexis, and also mentions the New York Stock Exchange's (NYSE) efforts to tokenize listed stocks. The authors believe that tokenization can change the way assets are owned and utilized, exploring the potential for tokenization of various assets such as real estate, private equity, and artworks. However, they also emphasize that the value of assets and the rights of investors are not guaranteed. Stablecoins are discussed as the payment infrastructure for the tokenization market, with scenarios presented where AI agents purchase services through blockchain wallets. The book consists of 16 chapters and includes an appendix on the tokenization policy trends in South Korea and the United States.

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